🚨 Trump Imposes 50% Copper Tariffs; Dollar Surges Amid Trade Tensions
Today, President Trump announced a 50% tariff on copper imports, set to take effect by August 1, as part of a broader trade escalation delaying reciprocal tariffs . The move follows a Section 232 investigation aimed at boosting U.S. domestic production. Copper futures jumped a record 12–13%, highlighting market volatility . Meanwhile, the U.S. dollar strengthened, pushing the yen to two-week lows amid intensifying global trade pressure . Traders should watch for ripple effects in commodities, FX, and risk assets as the August deadline approaches.
