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LME copper hits one-week high after Trump pauses tariffs

LME copper prices reached a one-week high after U.S. President Donald Trump delayed tariffs on Canada and Mexico, easing concerns over a potential trade war. The dollar index fell, making greenback-priced commodities cheaper for holders of other currencies. Trump's tariffs on China are still set to take effect, and a major diplomatic exchange between Trump and Chinese President Xi Jinping is expected. U.S. companies may look to the Middle East, India, Chile, and Peru for aluminium and copper to circumvent tariffs in the future.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14357643/LME-copper-hits-one-week-high-Trump-pauses-tariffs.html
Source Id: 8531178713

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