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Raw Story on MSN'Time for copper to come home!' Trump threatens to expand tariffs in new Truth Social rantPresident Donald Trump took to his Truth Social platform on Tuesday to propose tariffs on yet another critical raw material needed in U.S. industry. "Like our Steel and Aluminum Industries, our Great American Copper Industry has been decimated by global actors attacking our domestic production,
U.S. President Donald Trump on Tuesday ordered a probe into possible tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods.
His company, Portland Mint, sells old pennies in bulk — 40,000 pounds (18,100 kilograms) at a time — to investors angling to profit on the copper that makes up 95% of the coins minted before 1983. A cache of one-cent pieces from Portland Mint with a face value of roughly $60,
Copper futures (HG1:COM) rose nearly 4% on Wednesday, extending gains to a second trading session amid Chile power outage and Donald Trump's order to investigae potential tariffs on copper imports.
Donald Trump ordered an investigation Tuesday into possible levies on US copper imports, with officials citing a need to rebuild domestic production and safeguard national security -- the latest salvo
Copper futures surged after President Donald Trump ordered the US Commerce Department to examine possible imports tariffs on all forms of the metal.
In the Oval Office, President Donald Trump announced his administration plans to sell a "gold card" -- his version of a green card that will cost $5 million.
President Donald Trump has initiated a probe into potential new tariffs on copper imports to bolster U.S. production of the metal, crucial for electric vehicles and military hardware. This action is seen as a counter to China's dominance in copper production.
White House officials said the copper investigation was prompted by a national security threat, not trade imbalances.
- Commodities mixed: Brent crude slid ~2% to $72.7/bbl on Russia-Ukraine peace hopes and tariff jitters, while WTI held flat at $69.0. Copper firmed up on Trump’s import probe news. US crude stocks reportedly dipped last week - EIA data later could shift the needle.
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