10/07/2025 Daily Reports
President Trump’s threat to impose a 50% tariff on copper sent futures off Wednesday’s record highs. “It’s complete uncertainty right now,” says Eric Saderholm, co founder of American Pacific Mining. “He’s trying to bring negotiators to the table, but in the meantime he’s stirring up the markets by keeping prices artificially high.”
Importers raced to build inventories ahead of the proposed duties over the past six months, the U.S. imported nearly a year’s worth of copper. That rush followed February’s designation of copper as a national security material and a Commerce Department probe into whether imports threaten domestic supply chains.
According to Adam Turnquist, chief technical strategist at LPL Financial, “Surging pre tariff demand has driven U.S. prices to a 25% premium over London Metal Exchange levels. LME inventories have been drawn down sharply, fueling concerns of a global shortage outside the U.S.” In the short term, analysts expect imports to continue rising.
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Trump Threatens 50% Tariffs on Brazil Over Trial of Bolsonaro, Brazil Vows Reciprocity; Nvidia Enters $4 Trillion Valuation Club as Tech Giants Soar
• President Trump initiated an escalation of his global trade war with a key target being Brazil with a sweeping 50% tariff from August 1. The historic step is by implication linked to Trump’s outburst against the court system of the Brazilian government for a “Witch Hunt” trial of his friend, former President Jair Bolsonaro, and alleged attacks on US social media.
• Brazilian President Luiz Inacio Lula da Silva has openly declared that his government would retaliate with counter-measures, asserting Brazil’s sovereignty and institutional autonomy. This is the context for a potential trade war between the two nations, weighing on Brazil’s already slowing economy and its currency, which fell sharply on the announcement.
• Despite this rising trade tension, US stock futures remained subdued, with Nasdaq futures unchanged following Nvidia and Microsoft’s record highs. Nvidia was the first company to reach a $4 trillion market value, driven by exploding demand for its artificial intelligence chips, with Microsoft also registering a record close over $500. Elsewhere in company news, Airbus named Lars Wagner as the chief executive of its commercial aircraft unit from January 1, 2026.
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
