Copper Costs Were Climbing Even Before Trump’s Tariffs
New York futures have been trading at significant premiums to London prices as buyers stock up before the levies.
Copper samples from a Samsung Electronics Co. event at the Brooklyn Navy Yard in New York yesterday.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, Millie Munshi, deputy managing editor for energy and commodities in the Americas, discusses an eventful year for metals traders even before the US copper tariffs. Meanwhile, the Trumponomics podcast says the new tax law may trigger an energy crunch.
US tariffs on copper imports are finally coming after months of anticipation and market dislocations, though metals traders are still waiting for some of the finer details.