🚹 COPPER IS NOW A TRUMP TARIFF GAUGE! 🟠

Copper’s COMEX–LME price gap is becoming a real-time signal for US tariff expectations.

📈 Copper futures recently hit ~$6.90/lb
đŸ‡ș🇾 US copper imports hit a 12-year high in July

⚠ SocGen estimates the spread implies: ‱ 14.6% odds of a 15% tariff by 2027
‱ 37% odds of a 30% tariff by 2028

đŸ”„ Trader takeaway: A wider COMEX premium could signal rising US tariff risk — while supporting copper prices in the near term.

👀 Watch Copper, COMEX-LME spread & Trump tariff headlines.

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