Dealers aren’t sure they’ll be able to get it into the country ahead of the threatened Aug. 1 deadline.
President Trump has called for a 50% tariff on imported copper.
Copper prices rose rapidly a few weeks ago, ahead of further tariff announcements. But the metal ended up on a short list of goods exempted from import taxes.
Even though many commodities, like oil, were exempt from tariffs, the broader economic effects are likely to take a toll if they continue.
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And the price of the metal is only likely to increase.
Until the price rises so much it causes inflation, anyway.
The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.
The metal is crucial renewable energy technology and the transition away from fossil fuels.
