Trump, Copper and tariff
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Berner agrees that higher copper tariffs will bring up prices for U.S. homebuilders. This would leave them with two options: pass on the additional costs to homebuyers or build less, a move that is likely to exacerbate the country's ongoing shortage.
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.
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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.
Global manufacturing executives are begging for clarity on Donald Trump’s tariff policy before a 50 per cent levy is imposed on copper imports, as their stockpiles diminish and the clock ticks on existing contracts.
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
Quebec accounts for most of Canada’s U.S. copper shipments though The impact of the tariff on jobs in Quebec, home to Canada’s sole copper smelting facility and a major copper refinery, is still unclear. Jason Kirby takes a closer look at the numbers ...
Price increases could hit coffee, shoes, appliances and other products following a flurry of tariffs issued by President Donald Trump in recent days, analysts told ABC News.
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MiBolsilloColombia on MSNOn August 1, a 50% Tariff on Copper Comes into Force: Which Products Does It Affect?Starting August 1, the United States will implement a 50% tariff on copper, a measure announced by President Donald Trump.