**Breaking News: Trump RAGES After Canada Halts Copper Exports to U.S. – $4.2 Billion Lost to Canada!**
In a stunning escalation of trade tensions, President Donald Trump has unleashed a 50% tariff on copper imports, triggering an immediate and devastating response from Canada. The abrupt move, announced during a cabinet meeting, has sent shockwaves through the U.S. economy, resulting in a staggering $4.2 billion loss in less than 24 hours as copper prices surged to record highs.
Canada, a critical supplier of over 40% of refined copper to the U.S., has retaliated by freezing all export contracts, leaving American industries grappling with a supply crisis not seen since wartime. Mining giants like Tech Resources and Hudbay Minerals have halted shipments, and Ottawa has declared it can no longer rely on an unstable trade partner that unilaterally alters the rules of engagement.
The fallout is immediate and severe. Prices for copper on the ComX exchange skyrocketed by 13%, reaching $5.95 per pound, while U.S. manufacturers in electronics, construction, and automotive sectors face unprecedented challenges. The construction industry is already feeling the pinch, with insulation and wiring costs soaring, and electric vehicle production is grinding to a halt as companies like Tesla and Ford report losses in the millions.
As American consumers brace for rising costs—potentially adding $3,000 to $6,000 to EV prices and $17,000 to $22,000 for new homes—the U.S. finds itself on the brink of economic isolation. With domestic refining capabilities lagging and imports dwindling, the nation risks spiraling into inflation and production stagnation.
This isn’t just a trade dispute; it’s a full-blown crisis that threatens the very fabric of the American economy. As Canada pivots to new markets in Asia, the U.S. must reckon with the consequences of its protectionist policies. The question looms large: how will America respond as the copper supply chain shifts and the costs of everyday life soar? Stay tuned as this story develops.