Trump Sets 50% U.S. Tariffs On Copper
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The commodity’s price is near a record high because of Trump’s trade war. It might be wise for investors to wait for a dip before easing in.
Plans involve including semi-finished products such as wires, sheets, tubes and plates. Read more at straitstimes.com. Read more at straitstimes.com.
Shockwaves from Washington's decision to impose a 50 per cent tariff on copper imports are still rippling across the Pacific, and China, the world's largest consumer of the metal, is feeling the effects.
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 while its top miner held out hope of exemptions.
U.S. President’s drive to boost domestic production of the metal would take years to achieve, even on a small scale
Glencore has agreed to sell its struggling copper refinery in the Philippines to the family of the country’s richest man, as the smelting industry suffers from weak processing fees.