Reported 22 days ago
U.S. President Donald Trump's proposed 50% tariff on copper imports has already led to a significant increase in manufacturing costs for American factories, with New York copper prices soaring 25% higher than global benchmarks. This rise in costs comes as manufacturers rush to stockpile copper ahead of potential tariffs, creating concerns that these levies could hamper domestic production and benefit international competitors. Despite warnings from industry insiders about possible supply shortages, the Commerce Department is leaving the decision on tariffs to Trump.
Source: YAHOO