US EditionTrump May Implement Copper Import Tariffs Within Weeks: Bloomberg
- Copper prices have reached record highs during an ongoing trade war, impacting supplies, as reported by Bloomberg.
- President Donald Trump has threatened to impose a tariff of up to 25% on all copper imports while calling for increased U.S. Production.
- The rising cost of copper is expected to worsen inflation for the construction industry and consumers, with homebuilding costs rising by 9.2% in 2024, per the National Association of Homebuilders.
- Demand for copper is expected to grow significantly, especially with a global shift towards cleaner energy technology.
97 Articles
97 Articles
U.S. Copper Import Tariffs May Arrive Sooner Than Expected
President Trump's national security probe under Section 232 of the Trade Expansion Act of 1962, launched in February to review raw copper, refined copper, copper concentrates, copper alloys, scrap copper, and other copper derivatives imported into the U.S, directed the Commerce Department to deliver tariff recommendations to the White House within 270 days. That review process has likely been accelerated, as a new report suggests U.S. copper imp…
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WTVBSK Hynix says some customers brought forward orders ahead of US tariffs
ICHEON, South Korea :South Korea's SK Hynix, the world's second-largest memory chip maker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs.Speaking at the company's annual shareholder meeting, SK Hynix’s Head of Global Sales and Marketing, Lee Sang-rak, s
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