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Trump sent copper prices soaring to records with talk of new tariffs. Morgan Stanley flags 2 companies set to benefit.
Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.
Trump's tariffs on cars, copper, drugs, aluminum could hit harder than other levies
The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump's constantly evolving trade agenda.
Chile, Peru anxiously await word on Trump's proposed 50% copper tariff
U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.
Trump copper tariffs set to spark final scramble to get metal across the border
Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump's higher than expected 50% tariff on imported copper takes effect.
"Now we do copper" - Donald Trump targets the crucial metal in a trade war
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