Copper Climbs as New Trump Tariffs Said to Be More Measured
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Copper prices rose on Monday as traders digested signs that US President Donald Trump’s tariffs will be more targeted than anticipated.
The gain follows reports that Trump’s announcement of universal, reciprocal trade tariffs on April 2 — a date he has referred to as “Liberation Day” — will be narrower than initially expected. That has helped temper some investor fears about the impact on global trade and growth, offering potential relief for metals markets gripped by anxiety of an all-out trade war. US stocks gained while Treasuries fell.