|

Copper safe from tariffs

ByVictoria

The red metal, along with pharmaceuticals, semiconductors and lumber, earns an exemption from “reciprocal” tariffs on most goods entering the U.S.

Referred to in a White House fact sheet as “responsive tariffs,” President Trump spells out the rationale for and specific examples of other nations’ tariffs in that April 2 fact sheet, fully titled “Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security.”

“Some goods will not be subject to the Reciprocal Tariff”

“Copper, pharmaceuticals, semiconductors and lumber articles”

Source – Recycling Today

Similar Posts

  • /

    Futures rise after turbulent week, gold stocks surge

    ByVictoria
    0 Comments

    Paul Williams, managing director of Solomon Global, said about the rise in gold prices that it was a “direct response to escalating trade tensions and the growing economic uncertainty that this brings.”

    Source – Reuters

    Futures – are contracts to buy or sell a specific underlying asset at a future date. In this case we are talking about gold.

  • /

    Switzerland gold imports at highest

    ByVictoria
    0 Comments

    Gold imports to Switzerland from the United States jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from U.S. import tariffs, Swiss customs data showed on Tuesday.

    The Swiss data showed that gold imports from the U.S. rose to 63.0 metric tons in April from 25.5 tons in March. It was the highest in monthly data going back to early 2012.

    Switzerland’s total gold exports fell by 31% month on month in April with gold deliveries to the U.S. dropping to 12.7 tons from 103.3 tons in March.

    Source – Reuters

  • /

    Copper miner Freeport-McMoRan reports better than expected profit

    ByVictoria
    0 Comments

    Phoenix-based Freeport also boosted its budget for the year by roughly 5% to $4.4 billion and forecast an increase for next year as well, surprising investors.

    On an adjusted basis, the company earned 31 cents per share in the quarter, compared with the analysts’ average estimate of 20 cents per share, according to data compiled by LSEG.

    Source – Reuters

  • /

    Is the gold at Fort Knox there?

    ByVictoria
    0 Comments

    Musk has cast doubt on whether the gold remains at Fort Knox, writing on X: “This gold is the property of the American people. I sure hope it’s still there!”

    “Who is confirming that gold wasn’t stolen from Fort Knox?” Musk also posted.

    Source – ABC News

  • /

    Gold’s price gains jewellery demand

    ByVictoria
    0 Comments

    A 12% y/y drop in Q4 gold jewellery consumption to 547t- took the annual total down to 1,877t, down 11%, as unrelenting gold price strength impacted consumers’ ability to buy, the World Gold Council (WGC) said in a report on Wednesday.

    For 2025, the WGC said central banks and “ETF investors likely to drive demand with economic uncertainty supporting gold’s role as a risk hedge, but on the flipside, keeping pressure on jewellery.”

    Source – Seeking Alpha