This article is from SRN News
(Reuters) – Citi anticipates an eventual implementation of a 25% copper-specific tariff by the fourth quarter of 2025, following U.S. President Donald Trump’s executive order initiating an investigation into U.S. copper imports, the bank said in a note on Wednesday.
Citi further expects the Comex-LME 1-year forward premium to price an effective rate of 15%-20% until the tariff implementation is confirmed.
The bank’s base case scenario also flags the possibility of earlier reciprocal tariffs emerging from the second quarter of 2025.
(Reporting by Anmol Choubey in Bengaluru; Editing by Chris Reese)
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