Part 3/10:
Daniel Hines, a senior commodity strategist at an international bank, weighed in on the situation, noting that the copper market is inherently global. "Whatever happens in the U.S. has repercussions worldwide," he explained. The immediate market reaction was a sharp decline in U.S. copper prices, which backtracked from recent surges as investors reconsidered the impact of tariffs, especially since the tariffs apply mainly to semi-processed and finished copper products, not raw refined metal.