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Copper futures settle higher after Trump's tariff pause

10 Apr 2025 Evaluate
Copper futures settled higher on Wednesday after US President Donald Trump decided to pause tariffs on new ‘reciprocal tariffs’ for most countries for 90 days, while raising his tax rate on Chinese imports to 125%. Meanwhile, participants closely watched for further insights into the Fed’s monetary policy outlook ahead of US consumer inflation data on Thursday and the US producer price report on Friday. 

Copper futures for May delivery gained $0.0485 to settle at $$4.1925 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.49 percent at $8,613 a ton.