Looming Copper Tariffs Leave Companies Scrambling
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2don MSN
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
President Donald Trump announced on Wednesday night that the United States will impose a 50 percent tariff on copper, effective August 1. Trump wrote on Truth Social that he came to the decision after a "robust NATIONAL SECURITY ASSESSMENT."
The Aug. 1 deadline for Trump's 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen.
U.S. copper prices vaulted to new highs after President Trump said Washington will slap imports of the metal with a 50% tax.Front-month futures contracts jumped 13% Tuesday after Commerce Secretary Howard Lutnick said on CNBC that the new tariffs will go into effect by Aug.
U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,
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US President Donald Trump’s promised 50% copper tariffs will include all refined metal, indicating the president’s far-reaching efforts to bolster American production of one of the world’s most ubiquitous materials.
The fire marshal is investigating the cause of an early-morning fire at a copper plant in Leetsdale. Firefighters were called to Hussey Copper, located just off Route 65 along Washington Street, around 5:30 a.m.
U.S. President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a bid to promote domestic development of an industry critical to defense, electronics and automobiles.
Whether his copper tariff will remain in place is a question given the number of times Trump has flip-flopped on tariffs of various kinds.
The U.S. will impose 50% tariffs on global imports of copper effective on Aug. 1, President Trump posted online on Wednesday. Trump on Tuesday told reporters that he would set the 50% tariff on the metal,
Fifteen months since a devastating fire destroyed more than half the building, and ten months since the start of a multi-stage reconstruction effort, skilled workers are laying a new copper roof on parts of Copenhagen 's Old Stock Exchange building.