Investor Bill Ackman noted the surprising influence of Trump’s tariff threats, suggesting that they serve as a strategic tool for achieving broader economic goals, reinforcing the America First policy.
Three-month copper on the London Metal Exchange fell by 0.6% to $8,990.50 per metric ton as the stronger US dollar affected commodities, showcasing the market’s reaction to Trump’s impending tariff plans.
The dollar surged while stocks declined following Trump's announcement of additional tariffs on imports from China, Mexico, and Canada, indicating a ripple effect in global markets.
Trump’s assertion during the campaign that he would utilize tariffs as leverage against illegal immigration and drug trafficking highlights a dual strategy aimed at political and economic reform.
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