Trump, copper and tariff
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President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance.
U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.
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President Donald Trump has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on
Goldman Sachs said on Wednesday that copper shipments into the United States are expected to accelerate in the coming weeks following U.S. President Donald Trump's announcement of a 50% tariff on imported copper.
“The U.S. has been sucking in lots of copper that it didn’t really need from around the world,” Albert Mackenzie is a copper analyst at Benchmark Mineral Intelligence. President Trump had signaled that the tariffs were coming months ago, prompting many U.S. buyers to stockpile copper ahead of time.
It’s almost as if tariffs are the new sanctions. Consider Trump’s announcement Wednesday that Brazil will face 50 percent tariffs. He made that threat in part because he’s upset about how the current Brazilian government is treating former Brazilian President JAIR BOLSONARO,
President Donald Trump on Monday began sending letters to dozens of countries around the world, informing them of what tariff rate imports from their countries to the U.S. will face