Trump’s copper tariffs meant to raise revenue, not curb supply chains: Peter McGuire

July 9, 2025

Peter McGuire analyzes the potential impact of increased tariffs on copper prices, noting President Trump’s revenue-focused agenda. Suppliers face decisions on absorbing costs or passing them to consumers, affecting competitiveness. McGuire anticipates higher copper prices, observing market reactions on COMEX and monitoring LME trading to assess future trends.

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