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Mining billionaire welcomes Trump tariffs on copper
A leading North American mining entrepreneur, who wants to open his own US copper mine, has welcomed plans for a 50% tax on copper imports. Robert Friedland, the billionaire founder of Vancouver-based Ivanhoe Mines and Ivanhoe Electric, told the BBC the tariffs would help re-establish the US copper mining industry. US President Donald Trump has already introduced steel and aluminium tariffs and a 50% copper tariff is due to come in on 1 August. Critics have argued that tariffs are inflationary and will push up prices for American consumers, but Mr Friedland said the president's approach was aimed at strengthening ... (full story)
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- Jul 29, 2025 2:37pm Posted byFundamental Analysis203
