London

Trump's trade fight and the unwinding of a $3 billion bet are clobbering copper

30 days ago   |   By

REUTERS/Rodrigo Garrido
Copper prices on the London Metal Exchange slipped below $6,000 for the first time in a year Thursday.
Analysts say trade escalations are weighing on a market already under pressure.
An unwinding of a $3 billion long position put pressure on prices earlier this month.
Follow copper in real time here.
Copper prices on the London Metal Exchange plummeted below $6,000 Thursday for the first time in a year as trade escalations between the US and China put the metal on track for its worst monthly drop since 2015.
The metal was down 2% to $6,020 a metric ton at 9:30 a.m...
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An under-the-radar move by Canadian Prime Minister Trudeau showed that Canada is ready to get tough with Trump on trade

An under-the-radar move by Canadian Prime Minister Trudeau showed that Canada is ready to get tough with Trump on trade

30 days ago   |   By

Canadian Prime Minister Justin Trudeau announced a reshuffle of his Cabinet on Wednesday.
As part of the reshuffle, Trudeau said Jim Carr would become minister of International Trade Diversification.
Trudeau also emphasized the need to move away from trade with the US.
The move was a shot at President Donald Trump's antagonistic trade policies toward Canada.
Canadian Prime Minister Justin Trudeau used a small, under-the-radar move during his Cabinet reshuffle to take a direct shot at President Donald Trump's policy and the burgeoning US-Canada trade conflict.
Trudeau selected Jim Carr...
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The EU is already preparing for trade talks with Trump to fail - and is readying a major retaliation

The EU is already preparing for trade talks with Trump to fail - and is readying a major retaliation

30 days ago   |   By

Reuters; Reuters
The EU is set for crunch talks with the Trump administration over possible tariffs on automobiles made in Europe.
Officials are preparing for the worst and readying a list of retaliatory tariffs should they fail to reach an agreement with Trump.
"If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a list of rebalancing measures as well," the EU's trade chief said on Thursday.
European Union officials are preparing for the worst ahead of talks with the US about the future of trade next week.
Trump and...
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