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Trump’s 50% Copper Tariff Sparks Sharp Price Surge, Strains U.S. Supply Chain
Trump’s 50% Copper Tariff Sparks Sharp Price Surge, Strains U.S. Supply Chain
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BTCCSquare news:
Copper prices in the U.S. surged 13% to $5.69 per pound—the steepest single-day jump in over 30 years—after former President TRUMP imposed a 50% tariff on imports. The move exacerbates existing supply constraints, with nearly half of domestic demand reliant on foreign shipments. London Metal Exchange prices rose just 0.3%, highlighting the tariff's localized impact.
The policy risks cascading effects across consumer electronics, EV manufacturing, and AI infrastructure projects. While intended to boost domestic production, industry analysts caution that ramping up U.S. mining capacity could take decades. Traders had anticipated the measure since February, with some shipments rerouted preemptively from Europe and Asia.
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