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The global copper industry saw President Donald Trump’s proposed 50% tariffs from a mile away. As early as February, he mooted the idea on national security grounds. That day of reckoning is fast approaching, barring a TACO U-turn, and the way the copper market is dealing with the issue — including a bizarre race to make deliveries to Hawaii and Puerto Rico to beat levies — has pointers for Brazil, hit with only a 10% overall levy three months ago, but now singled out for 50%:
www.bloomberg.com
#Brazil #Tariffs #Punishment #Trade
