Market Reaction to Tariff Announcement

The price of copper futures experienced a significant drop on Friday, following the announcement of new tariffs by United States President Donald Trump. This move has sent shockwaves through global markets, affecting a wide range of industrial commodities.

Investor Panic Over Global Economic Uncertainty

The announcement has sparked widespread uncertainty about the future of the global economy, leading to panic among investors. Concerns over demand are growing as countries, with China at the forefront, prepare retaliatory measures against the United States.

Copper futures for May saw a sharp decline of 5.12% at 7:29 am ET, trading at $4.5817 per pound, reflecting the market's nervousness.