Insignia Consultants | Trump's copper, aluminium tariffs may raise costs for U.S. consumers
Trump's copper, aluminium tariffs may raise costs for U.S. consumers
yesterday
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MELBOURNE, Jan 28 (Reuters) - President Donald Trump's vow of tariffs on U.S. copper and aluminium imports would result in higher costs for local consumers because of a shortfall of domestic production and the length of time it would take to renew the industry, analysts and industry sources said on Tuesday.
In a speech to Republican lawmakers on Monday, Trump said he would impose the tariffs on aluminium and copper - metals that are needed to produce U.S. military hardware - as well as steel, to entice producers to make them in the United States.
