Trump, Copper and Tariff
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Regtechtimes on MSNCopper industry rocked by 50% Trump tariff—EVs, data centers brace for impactPresident Donald Trump has announced a 50% tariff on all copper imports, a move that could shake industries across the country. This means that companies bringing copper into the U.S. from other countries will have to pay half the value of that as a fee.
Donald Trump plans to impose a 50% tariff on copper, affecting semi-finished products for various critical sectors. The move aims to promote domestic industry development essential for defense, electronics,
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."
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,
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.