President Donald Trump signed a proclamation on Wednesday that imposes tariffs on copper imports, citing concerns over national security.
The White House announced that the new policy will introduce a 50% tariff on semi-finished copper products and other copper-derived goods that are highly dependent on the metal.
These tariffs are scheduled to come into effect on August 1, as outlined in a White House fact sheet.
In terms of market dynamics, copper is currently within a monthly demand zone, with a daily demand area also identified for setting pending orders. The potential impact on prices could be twofold: a possible upward movement driven by the discount effect on the metal, or continued decline following President Trump's announcement.
What are your thoughts on how these tariffs might influence copper prices moving forward?
✅ Please share your thoughts about HG1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
The White House announced that the new policy will introduce a 50% tariff on semi-finished copper products and other copper-derived goods that are highly dependent on the metal.
These tariffs are scheduled to come into effect on August 1, as outlined in a White House fact sheet.
In terms of market dynamics, copper is currently within a monthly demand zone, with a daily demand area also identified for setting pending orders. The potential impact on prices could be twofold: a possible upward movement driven by the discount effect on the metal, or continued decline following President Trump's announcement.
What are your thoughts on how these tariffs might influence copper prices moving forward?
✅ Please share your thoughts about HG1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.