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HG00
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42 days

More tariff letters look set to hit. A Trump official says they’ll include a ‘general’ notice. - MarketWatch

1. Trump administration announces new tariffs, between 25% to 40%, effective Aug. 1. 2. Copper imports face a promised 50% tariff, impacting prices significantly. 3. Expect 15-20 additional tariff letters for key trading partners in coming days. 4. Trump warns no extensions beyond the Aug. 1 tariff deadline. 5. Trade talks with China planned for early August amid increased tariffs.

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FAQ

Why Very Bullish?

The imposition of a 50% tariff on copper is unprecedented, likely driving prices higher. Historical tariffs have previously led to price surges in commodities due to limited supply.

How important is it?

Tariffs directly impact copper prices, enhancing demand dynamics for HG00. Given the significant volatility in commodities during such announcements, the likelihood of impact is high.

Why Short Term?

The tariffs take effect immediately, creating immediate market reactions. Historical instances show quick adjustments in prices following tariff announcements.

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