Freeport-McMoRan shares are trading lower after Donald Trump said he would consider high tariffs on Chinese imports if elected president, which has pressured metal stocks.
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan shares are trading lower following Donald Trump's statement on considering high tariffs on Chinese imports if elected president, pressuring metal stocks.
February 05, 2024 | 8:47 pm
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Freeport-McMoRan shares have declined due to concerns over potential high tariffs on Chinese imports as stated by Donald Trump, affecting metal stocks.
The statement by Donald Trump regarding the consideration of high tariffs on Chinese imports if elected president has led to a negative sentiment among investors towards metal stocks, including Freeport-McMoRan. The potential for higher tariffs could lead to increased costs and reduced demand for metals, negatively impacting Freeport-McMoRan's business.
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