Copper Tariffs: A Risky Gamble for U.S. Industry
7 Articles
7 Articles
Copper Tariffs: A Risky Gamble for U.S. Industry
The mainstream news media has already figured out that the Trump administration's proposed tariffs on imported copper of 50 percent would dramatically hike copper prices for American industry and raise the price of products containing copper for consumers, which is just about everything electrical. The reason is simple; The United States is a net importer of 45 percent of its copper needs according the U.S. Geological Survey. All right, you may …
Write: Carlo León, Manager of Fixed Income in AFP PremiumWhile the global trade board was being redefined in Washington, in Peru the reaction was contained.On July 8, Donald Trump announced a 50% tariff on copper imported by the United States, citing reasons of “national security.” Consequently, the price of metal skyrocketed to historic highs. The next day, Brazil was next on the list, the same tariff, different excuse, but the pattern was clea…
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