Copper Rises as Trump Team’s Gradual Tariffs Plan Cools Dollar
- Proposal to ramp up tariffs slowly led currency to retreat
- Copper is up 4% this year, after sharp drop in fourth quarter
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Copper extended this year’s rally as the incoming Trump administration is said to consider slowly ramping up trade tariffs, rather than imposing sizable levies in one go.
The approach is aimed at boosting negotiating leverage and avoiding a spike in inflation, according to people familiar with the matter. That stirred some optimism in Asian stock markets and weighed on the dollar, making commodities priced in the currency more attractive for many buyers.