A hypothetical imposition of a dramatic 50% tariff on copper imports into a major economy could trigger an unexpected and far-reaching domino effect across global commodity markets. While ostensibly aimed at bolstering domestic copper production and protecting local industries, such a steep tariff would not only reshape the copper market
Southern Copper Corp (SCCO) excels in quality investing with strong revenue & EBIT growth, high ROIC, sustainable debt, and solid cash flow, making it a top pick for long-term gains.
Copper prices plunged 20% after Trump excluded refined copper from a 50% import tariff, ending a rally. Other factors and upcoming Chilean election may affect future prices.
Trump to impose 50% tariff on copper imports starting Aug 1, citing national security risks and dependence on foreign sources. North American countries on alert.
Southern Copper Corp (NYSE:SCCO) meets key quality investing criteria with strong profitability, high ROIC, and solid cash flow generation, making it a candidate for long-term investors.
Wall Street entered full rally mode on Thursday, with the Nasdaq 100 extending its record-setting climb and the S&P 500 approaching its February peak, as easing geopolitical fears and renewed hopes for a dovish Federal Reserve lifted investor sentiment.
Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
Rep. Marjorie Taylor Greene (R-Ga.) disclosed her significant stock purchases made just before and on the day of former President Donald Trump's announcement to pause global tariffs. This announcement had a substantial impact on the stock market.
According to a Bloomberg report, copper tariffs may be implemented sooner than Trump’s 270-day deadline, in contrast to the President’s first term, when steel and aluminum tariffs followed a 10-month review process.
