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Texas factory gives Chinese copper firm an edge in tariff war
Chinese copper flat wire manufacturer Wellascent's decision early last year to build a factory in Texas was a hedge against geopolitical risks. Now the investment is paying off as U.S. import tariffs boost demand for its locally produced goods. The company's plant in Grand Prairie will begin production later this year and expects to produce 3,000 metric tons of copper flat wire annually by 2028, serving clients such as automaker Stellantis, from behind the safety of Donald Trump's tariff wall. The factory shields U.S. customers from the 50% tariff imposed on copper wire imports, along with other semi-finished copper ... (full story)
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