#TrumpTarrifs

JUST IN: 🇺🇸 President Trump officially announces 50% tariff on copper. In 2023, the U.S. produced about 1.1 million metric tons of copper, with Arizona contributing around 70%. A 50% tariff on copper imports could benefit U.S. producers by raising the cost of foreign copper, potentially increasing demand for domestic supply. However, the overall impact would depend on the ability of U.S. producers to scale up and on how higher prices affect industries that rely on copper.