MarketWatch: How Trump’s threat of 50% tariffs on copper could hurt America’s AI ambitions
- Mount Lucas
- Jul 8
- 1 min read
The recent copper tariff 'announcement' presented the latest example of why investors may benefit from managed futures strategies with their direct exposure to commodities. It is copper today, but equally true in oil prices, interest rates and currency moves. Managed futures strategies offer investors more tools in the toolbox to potentially diversify both long and short exposures.
Co-CIO David Aspell shared his reaction to the proposed copper tariffs with Myra Saefong of MarketWatch, explaining that the large tariff on copper that Trump wants to impose is especially notable since the U.S. imports copper from its allies, like Chile and Canada.
Aspell added, the tariffs would come “at a time when the fundamentals in copper are tightening due to some supply issues, the cures for which generally take a while to sort themselves out, as copper is a long-cycle commodity. It takes a long time to get new sources online.”
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