Schwab Network: Copper Tariffs ‘Much Higher’ than Markets Expected, Supply Scramble
- Mount Lucas
- Jul 9
- 1 min read
Co-CIO David Aspell returned to Schwab Network for a conversation with Diane King Hall on the recently announced copper tariffs.
During the interview, David pointed out that with the One Big Beautiful Bill passed, President Trump has pivoted his attention back to trade. He highlighted that the newly announced 50% tariff on copper surprised markets and is driving near-term demand for the metal.
As investors triage the latest tariffs he shared, “One of the beauties of being systematic and trend following is we let these things play out. Markets often go a lot further than we think they can go. Trend following is one of the few places where you can gain exposure to these issues that are going to start impacting markets.”
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