**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 unleashed a 50% tariff on copper imports following Canada’s abrupt halt on exports, resulting in an immediate $4.2 billion loss for the U.S. economy. This aggressive move has sent copper prices soaring to a staggering $5.95 per pound, marking a 13% spike overnight—the highest in history.
During a cabinet meeting, Trump declared the tariff, citing national security concerns over copper, a critical metal for U.S. industries. However, Canada, which supplies over 40% of the refined copper used in the U.S., wasted no time retaliating. Major mining companies like Tech Resources and Hudbay Minerals have frozen all shipments, leaving American electronics, automotive, and construction sectors scrambling for alternatives.
Ottawa’s swift response underscores a strategic pivot; Canada is actively seeking new markets in Asia and Europe, effectively severing its reliance on the U.S. This calculated maneuver is a direct challenge to Trump’s protectionist policies, as Canadian officials assert they can no longer depend on a partner that unpredictably alters trade rules.
The fallout is immediate and severe. Analysts warn that the tariff could trigger widespread inflation across various sectors, with electric vehicle manufacturers like Tesla and Ford facing rising production costs and delayed projects. The construction industry is already grappling with soaring prices for essential materials, while utility companies are compelled to request emergency rate hikes due to skyrocketing copper costs.
With the U.S. refining capacity struggling to meet domestic demand—only 5% of copper needs are met locally—the economic landscape is shifting dangerously. The stark reality is that American consumers will bear the brunt of this trade war, facing higher prices on everything from homes to electric vehicles.
As the ripple effects of this tariff take hold, the question looms: what will America do in the face of a supply chain crisis fueled by its own policies? The stakes have never been higher.