U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

Prices of copper in the US have surged since January, when President Donald Trump threatened to impose a tariff on imports of the metal that’s a vital component in power networks, plumbing and industrial machinery.

President Trump told a group of reporters that a 50% tariff on all copper imports was imminent. The following day, using his Truth Social platform, the president confirmed that the tariff would be imposed starting on August 1 and that he was acting on a US Department of Commerce report: I am announcing a 50% TARIFF on Copper,

Higher prices in America suit miners with copper assets in the country just fine. The shares of Rio Tinto and Freeport-McMoRan, an American miner which accounts for 60% of domestic copper production, have risen. For the latter, a 50% duty could result in windfall profits of $1.6bn a year, reckons Deutsche Bank, another lender.

The U.S. copper industry is in crisis — and Washington is finally taking notice. With President Donald Trump’s recent announcement of 50% tariffs on copper imports under Section 232 of the Trade Expansion Act,

Trump’s promised 50% copper tariffs are set to include all refined metal, indicating the president’s far-reaching efforts to bolster the American production of the metal Bloomberg reported. The tariff,

Rodrigo Barbosa, Aura Minerals CEO, joins 'Money Movers' to discuss the company's IPO, the impact of tariffs on business and more.