Trump delay tariff dem as 50% copper tax dey cause price sharp rise
President Trump don extend di 90-day pause wey dey for reciprocal tariffs until August 1, as e still come show new tariff proposals—wey include provisional 10% tariff on EU goods and 17% on agricultural imports—wey dem dey plan make e generate over $300 billion for duties dis year. Di chance say dem go put 50% copper tariff make COMEX prices jump 12–13%, push U.S. copper premium pass di global benchmark reach 138%, show how inventory dey important as imports dey meet about half of domestic demand. Dem domestic copper production still dey steady, but e go take 18 years to expand for onshore. Companies stockpile and weak demand don hold consumer inflation tight so far. As global copper demand dey expected to rise, markets from metals and equities to risk assets like Bitcoin fit see new kind wahala (volatility). Traders suppose dey watch both tariffs and copper price movements well to sabi better about how market fit change and how crypto get position.
Bearish
Di prospect way extended tariffs dem plus steep 50% copper levy dey heighten macroeconomic uncertainty and dey fuel risk-off sentiment. For short term, rapid copper price swings fit trigger widespread risk asset volatility, wey go squeeze leveraged positions inside markets like Bitcoin. For long term, steady trade tensions plus sustained U.S. copper premiums fit reduce global growth expectations and weak demand for risk-oriented assets. So, traders suppose prepare for possible selling pressure on Bitcoin as volatility rise.