Reported about 6 hours ago
President Trump has announced a proposed 50% tariff on copper imports, aiming to enhance U.S. production of the metal essential for electric vehicles and various consumer goods. This announcement led to a surge in copper futures prices. While details are pending, U.S. officials indicate the tariffs may take effect by the end of July. The move is aimed at reducing reliance on foreign copper supplies, primarily from countries like Chile, Canada, and Mexico, which are expected to be significantly impacted.
Source: YAHOO