Commodities
Copper Rises in US and Slips in London After Trump Tariff Threat
- President pledged import levies on copper, aluminum and steel
- Spread widens between New York and London copper contracts
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Copper rallied in New York and slumped in London after President Donald Trump pledged import tariffs that risk raising costs for American manufacturers while dampening global demand.
In the latest of a slew of trade threats that have roiled commodity markets since he took office last week, Trump said he plans levies on copper, aluminum and steel, as well as computer chips and pharmaceuticals, to boost domestic manufacturing.