Trump says he will impose 50% tariff on copper
Trump says he will impose 50% tariff on copper
24 comments
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Ea Nasir in shambles.
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Well, looks like my plan to sneak onto construction sites and steal copper wire will pay off dividends
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Penny Collecting Gang feeling great right now. -
Penny stocks
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How will this affect the next minecraft update?????
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Golems will be made out of zinc with a thin given a copper coating to make them competitive with untariffed iron hoppers
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I wonder how this will affect meth prices
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Big Man doesn't realize I have 3 stacks of the stuff in a chest in my base!
No need to thank me, the economy.
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He's just goosing the stock market.
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Wonder how long it’ll take for him to declare victory saying he scared his enemies and roll this one back?
24 comments
i thought he lost his touch bc he was proposing 5% tariffs the other day, but my president is back, still out here making incomprehensible decisions let's fucking go
50% is probably nuts but, from an trade protectionist prospective, a tariff on copper is one of the few that makes sense. The US was the top producer of copper for decades and only dropped off when copper mining in Chile grew exponentially in the 90s. Mining equipment is one of the few things that can actually still be manufactured in the US.
imma be real i dont know shit about what makes sense to tariff or not i just like seeing big numbers
It's not just the value that is nuts though. It's the lack of industrial policy combined with the scattershot and sudden nature of this tariff policy. They aren't raising tariffs over the course of the next 10-20 years in order to get mines and smelters up and running. They want foreign countries to pay into a financialized protection racket, using american credit card limits as the bargaining chip.