Trump's expectations for gradual customs duties rising copper prices

Copper prices have continued their profits this year after a report indicating that the upcoming administration of US president’s elections Donald Trump will use a gradual approach to the imposition of customs duties, instead of laying big fees at the same time. The report says that this approach aims to improve negotiation power and avoid a sharp increase in inflation rates. However, the proposal is still in the early stages and has not yet been shown to Trump. This news contributed to strengthening optimism in Asian stock markets and led to a decline in the value of the dollar, which made the supplies of the dollar more attractive to international buyers. During his campaign, Trump hinted that customs duties could export up to 60% on Chinese and fees of 10% and 20% on all imports. The gradual application of these fees is relatively positive for buyer, which increased by 4% this year after the fall in the last quarter due to the strength of the dollar and the failure of Chinese efforts to achieve a tangible economic recovery. Chinese demand will take a wide range of motivational measures to counteract the effects of the expected US customs and the slowdown in the property sector, according to the Goldman Sachs Yan Hatzius’ chief economist, in an interview with Bloomberg TV. He expected the economic growth in China, which is the largest importer of minerals in the world, to delay to 4.5% this year, compared to 5% possible in 2024. The price of buyer increased by 0.7% to reach $ 9158.50 per tonne at the London Metal Stock Exchange by 9:49 p.m. Zinc also rose 0.5%, and aluminum by 0.3%, while nickel fell by 0.4%.