Trump says 50% copper tariff to take effect Aug. 1
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U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.
LONDON, July 9 (Reuters) - U.S. copper futures widened their premium to the London benchmark on Wednesday, reflecting U.S. President Donald Trump's plan to impose a 50% import tariff on the metal.
London copper prices pared some earlier losses in volatile trading as traders digest President Trump’s announcement of a 50% U.S. import tariff. Gold futures slipped.