Trump plans to impose high tariffs on copper, and American media warns: Nearly half of US factories rely on imported copper, the impact will be "particularly heavy"
According to Bloomberg News on the 8th local time, the news that President Trump plans to impose a 50% tariff on all imported copper has led to a significant increase in costs for American factories. On that day, the price of copper futures in New York was 25% higher than the global benchmark price. Bloomberg News analysis said that the US government's move will have a "particularly heavy" impact on American factories, as nearly half of US factory copper purchases rely on overseas suppliers. American copper purchasers had previously warned that imposing tariffs would bring long-term risks and believed that this was contrary to Trump's goal of "reviving American manufacturing".
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