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Copper Market in Turmoil as Trump Touts 50% Tariff on US Imports

Markets

Katharine Gemmell, Martin Ritchie

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July 9, 2025

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Bloomberg

President Donald Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark.

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