US Metals and Oil Roiled as Traders Weigh Risk of Tariffs
- Tariff proposals create price variation in US, Europe, Canada
- Trump has vowed 10% to 20% tax on imports, higher for China
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US prices of metals and oil are rallying above other international benchmarks as traders increase bets President-elect Donald Trump will impose tariffs on imported goods.
Metals including copper, silver and platinum have seen a sharp price dislocation between London and New York in recent weeks, while differentials in oil prices between the US and Canada also have expanded.