US EditionWhat in the World?
UNITED STATES, JUL 10 – The 50% tariff aims to boost U.S. copper production but causes a 25% price increase in New York compared to London, impacting American businesses and market competitiveness.
- President Trump announced a 50% copper import tariff effective August 1, prompting market distortions and increased domestic scrap demand.
- The Trump administration justified the copper tariff on national security grounds, using tariffs as leverage to pressure trade partners amid legal and economic disputes.
- Bloomberg reports copper in New York is 25% more expensive than in London, highlighting market distortions affecting American businesses.
- Bloomberg reports a surge in scrap demand due to tariffs, risking undermining U.S. manufacturing competitiveness by relying on overseas shipments.
- U.S. analysts predict continued reliance on foreign copper sources, as only two primary smelters exist, despite President Trump’s tariffs set for August 1.
39 Articles
39 Articles
The Recap: Trump’s tariff threats return, and how much can one man suck up to the president?
A daily roundup of the best stories and cartoons by Daily Kos staff and contributors to keep you in the know. Trump's threats are back in full force to wreck the economy Fingers crossed he pulls another TACO. Trump's racist 'border czar' admits ICE is...
ABC FOX Montana
Trump's tariff threats and delays: state of play
US trading partners braced for a volley of tariff hikes this week, but a deadline for their imposition came and went as President Donald Trump delayed them again until August -- but unveiled new copper duties and increased levies on…
Trump's Tariff Threats And Delays: State Of Play
US trading partners braced for a volley of tariff hikes this week, but a deadline for their imposition came and went as President Donald Trump delayed them again until August -- but unveiled new copper duties and increased levies on Canada and Brazil.
Coverage Details
Bias Distribution
- 52% of the sources are Center
To view factuality data please Upgrade to Premium
