**Breaking News: Trump RAGES After Canada Halts Copper Exports to U.S. – $4.2 Billion Lost to Canada!**
In a shocking escalation of trade tensions, President Donald Trump has announced a staggering 50% tariff on copper imports, igniting a fierce backlash from Canada that has already cost the U.S. economy $4.2 billion. This unprecedented move, declared during a cabinet meeting in Washington, has sent copper prices soaring, with the ComX exchange reporting a jaw-dropping 13% spike overnight, reaching record highs of $5.95 per pound.
Canada, responsible for over 40% of the U.S.’s refined copper supply, wasted no time in retaliating. Export contracts have been frozen, and major mining companies like Tech Resources and Hudbay Minerals have halted shipments to the American market. Ottawa’s message was clear: it can no longer depend on a trade partner that unpredictably shifts the rules of engagement.
The fallout is immediate and severe. U.S. industries reliant on copper—electronics, automotive, and construction—are plunging into a supply crisis reminiscent of wartime shortages. Analysts warn that the ripple effects could lead to inflation and stagnation, with the U.S. currently producing just over half of its refined copper needs.
As Canada pivots to new markets in Asia and Europe, bolstered by a $1.8 billion investment plan to expand export capacity, the U.S. finds itself at risk of economic isolation. The tariff, initially seen as a protective measure, has instead exposed the vulnerabilities of American manufacturing, pushing costs higher and threatening countless jobs.
With electric vehicle prices set to surge by up to $6,000 and construction costs skyrocketing by $22,000 per home, American consumers will soon feel the pinch. This isn’t just a trade dispute; it’s a potential economic crisis that could reshape the landscape of U.S. industry. As tensions escalate, the question looms: how will America respond to this self-inflicted wound in the global supply chain? Stay tuned for updates on this developing story.