Copper Tariffs Are the New Steel Tariffs | Metals Mine

  • Copper Tariffs Are the New Steel Tariffs

    From cato.org

    Last week, President Trump announced the United States was imposing a 50 percent “national security” tariff on copper imports. Details are sparse, but Bloomberg reported that it will include all refined copper and semi-finished goods (i.e., bars, rods, wires, plates, etc.). As 60 years of failed steel protectionism—including the last seven-plus years of “national security” tariffs on imported steel and steel derivatives—demonstrate, new copper tariffs are unlikely to reshore much copper production anytime soon, but will surely cause enormous pain in the ensuing years. First, a little background. From ... (full story)

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