Reported 2 days ago
President Donald Trump announced a new 50% tariff on copper effective August 1, aiming to boost domestic production vital for industries like defense and electronics. This move, part of ongoing tariffs on various sectors, follows a national security assessment and could raise costs for American consumers. Major suppliers affected include Chile, Canada, and Mexico, which have claimed that their imports do not threaten U.S. interests. The U.S. currently relies on imports for nearly half of its refined copper needs.
Source: YAHOO