How Trump's threat of 50% tariffs on copper could hurt America's AI ambitions | Metals Mine

  • How Trump's threat of 50% tariffs on copper could hurt America's AI ambitions

    From morningstar.com

    Copper futures ease back after ending at a record high Tuesday. President Donald Trump mentioned Tuesday - almost in passing - that he planned to impose a 50% tariff on copper imports. The remark hit like a bombshell and has the potential to shake up U.S. efforts to expand, develop and deploy artificial intelligence. On Tuesday, Trump said he was planning to impose steep tariffs on copper imports. "Today, we're doing copper," Trump told reporters during a cabinet meeting. "I believe the tariff on copper, we're going to make it 50%." Late Wednesday, Trump said the tariff would take effect Aug. 1. A tariff of that size ... (full story)

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