Copper Prices Skyrocket 17% After Trump Announces 50% Tariff

Copper futures soared as much as 17% on Tuesday, their largest intraday gain in at least three decades, after former President Donald Trump announced a 50% import tariff on the industrial metal. Speaking at a Cabinet meeting, Trump confirmed plans to impose new duties on copper, part of a broader tariff push targeting metals, semiconductors, and pharmaceuticals. “We’re going to make it 50%,” Trump said when asked about the copper rate. The announcement immediately jolted markets, highlighting how sensitive the global copper supply…