The Trump administration announced a 50% tariff on all imported copper, sparking a dramatic price drop of up to 18% in after-hours trading.
Copper miners faced sharp declines in their stock prices as well. While the tariffs are intended to protect U.S. industries and reduce trade deficits, experts warn they could increase costs for everyday products that depend on copper.
The new tariffs go into effect this Friday, impacting a metal that the U.S. imports almost half of, primarily from Chile.
Original Source: CNBC
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Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the information presented herein. Performance information presented has been prepared internally (unless otherwise noted) and has not been audited or verified by a third party. Information on this page is based on information available to us as of the date of posting and we do not represent that it is accurate, complete or up to date. See our complete disclaimers for additional details.
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Silver to $39.50: Up 9.4% Past 30 Days
