Copper Prices Tumble as Markets Dampen After Trump Announces Tariffs
In the wake of the “Liberation Day” tariff announcement by President Trump, the prices of copper have plummeted as concerns grow that the newly announced reciprocal tariffs would have a significant adverse effect on the industrial commodity demand around the world. Metals were generally spared in the import tariffs announced by the U.S. president. However, the concern in the metals industry is that the wider economic ramifications from the tariffs could hurt overall consumption levels and weigh on prospects of global economic growth. Copper prices slipped to $10,645 per ton, marking a 10% correction from the record high registered the…
