Copper prices in the US just hit an all-time high after former President Donald Trump floated the idea of slapping a massive 50% tariff on imports. The markets are jittery, and more trade-related announcements are expected today. Meanwhile, the EU is trying to negotiate a deal with Trump’s team but is also bracing for potential fallout—because, let’s be honest, nobody’s quite sure what’s coming next.

Editor’s Note: This isn’t just about copper—it’s a sign of how quickly markets react to political uncertainty, especially when trade wars are on the table. Higher tariffs could mean pricier goods for consumers, supply chain headaches for businesses, and more volatility in global markets. If Trump follows through, we could be looking at a rerun of the 2018-2019 trade tensions, but with even higher stakes.

Copper markets are in chaos after Donald Trump floated the idea of slapping a 50% tariff on imports—way higher than anyone anticipated. The surprise announcement sent New York copper futures skyrocketing to record highs while the global benchmark price took a hit. Bloomberg’s Martin Ritchie unpacks how this could shake up trade, manufacturing, and even your everyday electronics.

Editor’s Note: Copper’s in everything—from wiring to iPhones—so a steep tariff could mean higher costs for businesses and, eventually, consumers. Markets hate uncertainty, and this move could ripple through global supply chains, especially if other countries retaliate. Buckle up.

Copper prices in the US just hit an all-time high after former President Trump floated the idea of slapping a 50% tariff on imports. He also mentioned potentially imposing even steeper tariffs—up to 200%—on foreign-made drugs after a transition period. This sent shockwaves through markets, as traders scrambled to price in the potential impact of these aggressive trade policies.

Editor’s Note: If these tariffs actually happen, they could drive up costs for everything from construction materials to pharmaceuticals, hitting both businesses and consumers. Copper is a key ingredient in everything from wiring to electric vehicles, so higher prices could ripple through multiple industries. And with drug prices already a hot-button issue, 200% tariffs on imports would likely spark fierce debate—and possibly higher healthcare costs. Markets hate uncertainty, and Trump’s comments are pouring gasoline on that fire.

Gold prices are taking a hit as the U.S. dollar flexes its muscles, making the precious metal more expensive for buyers using other currencies. Meanwhile, copper is having a moment—soaring to a record high—thanks to former President Trump’s proposed tariffs, which are sparking fears of supply disruptions and higher costs.

Editor’s Note: If you’re keeping an eye on markets, this is a classic tug-of-war. A strong dollar often dampens gold’s appeal, while trade policies (real or speculated) can send industrial metals like copper into overdrive. For investors, it’s a reminder that politics and currency swings can shake up commodity prices in unexpected ways.

Markets are jittery after former President Donald Trump proposed a whopping 50% tariff on copper imports—a move that could shake up industries from construction to electronics. Prices swung as traders weighed the potential impact on supply chains and inflation. Some analysts warn this could backfire, driving up costs for manufacturers and consumers alike, while others see it as a play to boost domestic mining.

Editor’s Note: Copper is everywhere—wiring, plumbing, renewable energy tech—so slapping a steep tariff on imports could ripple through the economy. If prices spike, it might slow down everything from homebuilding to EV production. The proposal also signals a return to Trump’s aggressive trade tactics, which could mean more market turbulence ahead. Whether it’s a bargaining chip or a serious plan, businesses are bracing for uncertainty.

UBS investment chief Bernie Ahkong warns that potential new tariffs on copper imports, hinted at by former President Trump, could send prices soaring. Calling the move "extremely inflationary," Ahkong suggests this could ripple through industries reliant on copper—think construction, electronics, and renewable energy—pushing costs onto consumers.

Editor’s Note: Copper isn’t just for pennies—it’s in everything from wiring to electric cars. If tariffs hike its price, businesses might pass those costs to you, making everyday goods and green tech more expensive. Ahkong’s warning highlights how trade fights can hit wallets in unexpected ways.

Indian markets are gearing up for a bumpy ride today after new tariffs on copper and pharmaceutical imports were announced. Investors are bracing for potential swings in stock prices as these changes could hit key industries and supply chains.

Editor’s Note: Tariffs often mean higher costs for businesses, and when those businesses are big players in the stock market, investors get nervous. This isn’t just about copper and pharma—it’s a signal that trade policies could shake up entire sectors, making traders cautious. If you’ve got skin in the game, buckle up.

Former President Trump announced plans to sharply increase US tariffs on copper imports to 50%, a move that could ripple through industries relying on the metal. The warning also hinted at potential hikes for pharmaceuticals, lumber, and semiconductors—key sectors already grappling with supply chain strains.

Editor’s Note: This isn’t just about copper—it’s a signal of broader trade tensions brewing. Higher tariffs could mean pricier goods for consumers and headaches for manufacturers, especially if other industries get hit next. With global supply chains still fragile, these moves might fuel inflation or even spark retaliatory measures from trading partners. Keep an eye on how this plays out; it could shape everything from your home renovation costs to the price of tech gadgets.

President Trump has announced a staggering 50% tariff on copper imports, effective August 1, causing copper prices to skyrocket to an all-time high. The move rattled investors, with the Dow Jones dipping slightly as markets digested the news. The administration is standing firm on the deadline, leaving industries reliant on copper—like construction and electronics—bracing for higher costs.

Editor’s Note: This isn’t just about copper—it’s a signal of escalating trade tensions that could ripple through supply chains and consumer prices. If you’re renovating your home or buying tech gadgets soon, expect to pay more. For investors, it’s another layer of uncertainty in an already jittery market.