50% copper tariffs impact the market! Morgan Stanley strongly recommends Freeport-McMoRan Copper & Gold Inc. (FCX.US) as a safe haven for the industry.

According to the Wisdom Finance and Economics APP, after the announcement by President Trump that he plans to impose a higher than expected 50% tariff on imported copper, the price of copper on COMEX soared to a historical high. JPMorgan Chase issued a research report stating that they have a positive outlook on the future of Freeport-McMoRan Copper & Gold Inc. (FCX.US) and have raised their target price.