Copper Rebounds After Trump Pauses Tariffs, But Concerns Remain on China Stance
Base metals, including copper, saw a sharp rebound on Thursday after President Trump announced that he was pausing the implementation of reciprocal tariffs on dozens of countries. The pause will last 90 days, he said. Despite the lull in the market fallout, a number of investors remain cautious since Trump took his trade war with China a notch higher by announcing that Chinese imports would now attract a 125% levy, up from the initial 104% previously announced. It now looks like a contest on who will cave in and blink first between these two largest economies on the globe. Copper…