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Mike McGlone: Copper Surge & Trump’s 50% Tariff Explained
Michael Fox interviews Mike McGlone, Bloomberg Intelligence's Chief Commodity Strategist, to analyze the recent surge in copper prices triggered by President Trump's announcement of a 50% tariff on copper imports to the U.S. Mike explains that this tariff move is part of Trump’s emboldened economic strategy, supported by robust U.S. stock market performance. They compare the current copper market turmoil to the 2008 financial crisis, noting how economic signals—like soaring gasoline prices then—can precede downturns, while now copper prices reflect tariff-driven distortions amid disparities…
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