Trump, Copper and tariff
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President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
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.
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.
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.
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
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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.
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