Joe.My.God. LGBT News
Axios reports:
Copper prices notched record highs Tuesday after President Trump signaled plans to impose a 50% tariff on the commodity. The price of copper figures into a wide variety of goods, including building construction, electronics, transportation equipment and industrial machinery.
Copper futures were up more than 9.5% at 3:08pm to $5.51 per pound. At one point today, the commodity was up 13%, marking the “largest single-day price surge in records going back to 1968, according to Dow Jones Market Data,” per WSJ.
Trump set off the copper rush when he told reporters during a cabinet meeting, “I believe the tariff on copper, we’re going to make it 50%.”
Read the full article. Some day we’ll hear about the insiders who just happened to load up on copper stocks this morning.
President Donald Trump said he planned to implement a 50% rate on copper, while also indicating he could offer pharmaceutical manufacturers at least a year before implementing levies on their foreign-made products https://t.co/Y2e4umtdPY
— Bloomberg (@business) July 8, 2025
NEW: Commerce Secretary Howard Lutnick says new 50% copper tariffs Trump announced today will go into effect by August.
“The idea is to bring copper production home, bring the ability to make copper, which is key to the industrial sector, back home to America.” @DailyCaller pic.twitter.com/48cup9FQHV
— Rob (@RobMcGravytrain) July 8, 2025