The question is who is right, the copper price or the owners of copper equities? I am not sure I want to take sides, so selling my mining shares for small loss of value seems prudent. I can easily buy them back. They were a similar price when copper was $3.30.
I listened to US Commerce Secretary Wilbur Ross describing how within WTO rules there is no mechanism to equalise tariffs. As you know the US has the lowest tariffs and wants trading partners to match, but the trading partners naturally prefer the stars quo. It looks like Europe will negotiate, but China doesn't want to. Threatening via state controlled media, and asking the EU to gang up against the US is not smart IMO.
The Brains Trust, page-12467
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