Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist breaks down the outlook for copper on news of President Trump weighing an earlier start date to copper tariffs than initially thought. He speaks with Bloomberg’s Alix Steel and Paul Sweeney.
US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter. Copper traded in New York rose to a record.
US President Donald Trump in February directed the Commerce Department to open an investigation into potential copper tariffs and submit a report within 270 days, though it’s now expected to be resolved sooner, said the people who asked not to be identified because the discussions are confidential.
The investigation already is looking like little more than a formality, some of the people said, with Trump having regularly said he plans to impose the tariffs.
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