Does the US not need copper? 50% basically kills trade. Who will agree to pay that kind of increase?

Copper is still desperately needed by the US and can’t be replaced by something else.As usual USA makes no sense. They have little copper deposits themselves and no matter what they do, they need to import it. In fact copper is a good item to apply EXPORT tariffs to punishing the US. USA copper industry is well connected to the Trump Admin. They can now name their price.It’s so ironic that most of the Chilean copper mines are owned by a group from Oklahoma. They keep saying that imports are not that big compared to the rest of your economy but the local suppliers and manufacturers will now be able to raise their prices on anything that they are competing with from overseas. Locally sourced copper, wood products, appliances, etc. will be getting more expensive as they take advantage of the situation.

Khenpal1 · M

2 thousand square foot house - 185,8061 square meter contains 439 pounds- 199,127 kilograms of copper in its electrical and plumbing systems.U.S. dollars (USD) 2,463 raw metal price .As the gap in U.S. COMEX over London Metal Exchange prices soared to a record high. By August, Benchmark said that U.S. consumers could be paying around $15,000 per metric ton for copper, while the rest of the world pays around $10,000, assuming the 50% tariff rate comes into effect at the start of the month.