Trump's 50% copper tariff includes a major exemption. That won't halt price rises
1. New copper tariffs exclude raw copper, shocking traders and lowering U.S. prices. 2. COMEX copper prices fell 19%, the largest intraday drop on record. 3. Higher production costs for consumer goods are expected due to tariff implications. 4. Long-term copper demand is robust, driven by energy transitions and technology needs. 5. Overall copper supply remains constrained, despite increased domestic refined inventories.