17 Hrs
Source:
الاقتصادية
Inflation concerns delay Trump's copper tariffs
The administration of U.S. President Donald Trump is studying the imposition of tariffs on refined copper imports with the aim of promoting local production and reducing dependence on imports. This is part of efforts to rebuild the manufacturing base and cut reliance on foreign raw materials. However, hesitation in the decision has led to increased demand for copper stored within the United States, resulting in a significant rise in imports (a 16-fold increase since 2015) and a tightening of supply in global markets, where copper prices have surpassed record levels of $14,000 per ton. The administration faces a balancing act between supporting domestic mining, containing rising manufacturing costs, and increasing consumer prices. Meanwhile, plans are progressing to implement tariffs starting at 15% in 2027 and rising to 30% in 2028, although the final decision has not yet been announced.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)