BREAKING: Trump announces the US will be placing tariffs on steel, aluminum and copper
President Donald Trump's threat to impose tariffs on U.S. copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and industry participants said on Tuesday.
In a speech on Monday, Trump said he would impose tariffs on aluminium and copper - metals needed to produce U.S. military hardware - as well as steel, to entice producers to make them in the United States.
"We have to bring production back to our country," he said.