Copper Slips as Dollar Surges After Trump Threatens More Tariffs

Copper Slips as Dollar Surges After Trump Threatens More Tariffs

Copper and other base metals retreated Tuesday as the dollar strengthened after US President-elect Donald Trump vowed additional tariffs.

Trump said the US will impose additional tariffs of 10% on Chinese goods and place 25% levies on imports from Mexico and Canada, in posts to his Truth Social network. That sent the Bloomberg Dollar Spot Index up 0.7%, before the gauge eased slightly, while shares in Asia dropped.

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