Trump says 50% copper tariff to take effect Aug. 1
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OTTAWA — U.S. President Donald Trump said he is planning to impose a drastic 50 per cent tariff on another key Canadian export in the mining sector: copper. Trump casually dropped the bombshell news during a cabinet meeting on Tuesday.
Markets remain cautious as Trump expands tariff threats to copper and pharma. S&P 500 slips 0.07%, Nasdaq gains 0.03% amid trade uncertainty.
In the closing of the recent trading day, Southern Copper (SCCO) stood at $104.51, denoting a -1.28% move from the preceding trading day.
Chile, the world's No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean nation blindsided ...
SANTIAGO (Reuters) -Chile, the world's No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean ...
SANTIAGO (Reuters) -Chile, the world's No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean ...
SANTIAGO (Reuters) -Chile, the world’s No. 1 copper producer, is in wait-and-see mode after U.S. President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the ...