Trump orders probe of copper in first step to tariffs

The investigation into copper imports could lead to increased tariffs, potentially raising costs for companies that rely heavily on copper as a raw material. This could negatively impact earnings of manufacturers and construction firms, creating downward pressure on their stock prices. However, domestic copper producers may benefit from reduced competition and improved pricing power.

Copper prices are likely to rise due to the anticipated tariffs, which could increase costs for manufacturers and contractors reliant on copper. This might negatively affect companies involved in construction and manufacturing where copper is a significant component, as their margins could be impacted.