50% Tariff Hike: Copper Futures’ Breakout Just the Beginning?
Trump stated that he plans to impose a 50% tariff on copper imports into the U.S. Following the announcement, U.S. copper futures surged, with COMEX copper prices jumping 9.63% on July 8. However, prices pulled back slightly on the 9th.
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Is the breakout the begining or the end of this rally?
Have you ever traded copper futures or stocks?