US copper prices fall after Donald Trump exempts refined metals from tariffs
Washington follows through with plans to impose 50% levies on some products
Washington follows through with plans to impose 50% levies on some products

Market hit by disruption to production and Donald Trump’s tariffs

Frequent changes to levies make it difficult to predict how trade of the metals would be affected

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

Recycling plants in the bloc are shutting down capacity as US producers can pay more for European scrap metal

Latest softening of levies comes amid persistent voter anxiety about affordability in US

Unexpected levy from Trump administration could redraw trade in the metal, analysts and investors warn