Trump tariffs jolt copper, Canada. China cuts diesel - Jul 11, 2025

Prysmian Daily News Update · Jul 11, 2025 · 2m

As of July 11, Reuters reported that U.S. President Donald Trump’s planned 50% tariffs on copper, announced Wednesday, would also cover semi-finished products used in power grids, the military, and data centers, citing people familiar with the matter. The tariffs, set to start on August 1, aim to support domestic development in industries critical to defense, electronics, and automobiles. The White House launched a Section 232 investigation into copper imports in February on national security grounds. Economists warn that these sectoral tariffs, similar to those on steel and aluminum, could…