Popular copper trade comes to a sudden stop as Trump’s import tariff won’t include refined copper - MarketWatch
1. Trump imposes 50% tariffs on specific copper imports starting Aug. 1. 2. Comex copper prices plunged by 19.5% post-announcement, erasing price spread. 3. U.S. copper prices were previously at a 28% premium over LME prices. 4. This will likely shift focus to global copper market fundamentals. 5. Concerns arise over slow growth in China and struggling European economy.