Pretiorates’ Thouhts 74 – Make Copper Expensive Again: The Trump Tariff Effect

Letter was published on March 29, 2025

What was the hottest topic on the financial markets this week? Trump's tariffs.
And next week? You guessed right - Trump's tariffs again in all likelihood!
The market is now pretty sure: Copper will also be affected by the import tariffs. And sooner than expected. A clever idea? Well, yes, it will make the brown metal more expensive, but that seems to be the lesser evil for the Trump government. Better expensive Copper than no Copper at all...