TORONTO — While Canadian copper miners have largely said U.S. copper tariffs won’t affect them, some market analysts are wondering how realistic the threat really even is.
U.S. President Donald Trump said Tuesday that he was planning to impose 50 per cent tariffs on copper imports, though any details on possible exemptions or timing have yet to be announced.
Derek Holt, head of capital markets economics at Scotiabank, says in a note that the broader market hasn’t reacted much to the threat, and it could be that investors are waiting to see proof that the tariffs are actually going to happen, and endure, before changing their bets.
He notes
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