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Trump issues blitz of tariff announcements on copper, Brazil, South Korea, small-value imports
U.S. President Donald Trump on Wednesday issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an exemption from tariffs for small-value shipments from overseas.
Traders rushed to stockpile copper before Trump's tariffs. Now they're stuck with a lot of it.
Copper traders were caught flat-footed after refined copper was exempted from Trump's new tariffs. The exemption triggered a 20% drop in copper futures on the COMEX exchange. Traders now face excess inventory, with COMEX stockpiles at a 21-year high.
Imports of certain copper products into the US face a 50% tariff from Aug. 1 as President Donald Trump seeks to revive the ...
The president stopped short of putting a 50 percent tariff on refined copper, as he had threatened earlier this year. The ...
Raw copper materials will not face the high duty that had been expected, but consumer goods prices may still be impacted.
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on ...
The plan includes levies on semi-finished copper products and their derivatives, a sales requirement for copper scrap, and ...
MEXICO CITY (Reuters) -Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United ...
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