Trump Spares Copper Market From Worst With 50% Duty on Products
The Trump administration has imposed a 50% tariff on semi-finished copper products imported into the United States, but has refrained from applying the same duty to refined copper imports. This move aims to protect the domestic copper industry from the potential adverse effects of higher costs, which would have occurred if the tariff had been extended to refined copper as well. The decision to target only semi-finished copper products is seen as a balanced approach, as it allows for the safeguarding of the domestic copper industry while minimizing the impact on industries that rely on imported refined copper. This selective tariff implementation is intended to strike a balance between supporting the domestic copper market and ensuring the continued availability of essential raw materials for various industries within the United States.
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