However,
Copper customs tariffs could hurt:
The 50% customs tariff offered by President Donald Trump on all copper imports in the United States will hit Canada hard. Nevertheless, in particular Quebec.
Unifolié is the second copper supplier in the United States after Chile.
The new American tax on copper. Furthermore, which should come into force on 1is August, will touch Quebec hard, according to the main economist at the Bank of Montreal, Robert Kavcic.
“Quebec remains on the front line. For example, represents most of Canadian copper expeditions to the United States,” he wrote in an economic note.
Copper is used in many sectors, as in the construction of cars or household appliances. We have attended a priced outbreak since the announcement of the price. which should logically affect the beneficiary margins of a large number of industries.
We do not yet know the possible consequences of copper customs tariffs could hurt the price on employment in Quebec. where the only copper foundry in the country is located.
The President of Trump’s plan is to develop the copper industry (extraction. fusion and refining) on its own soil, but it will need several years, even a decade, to achieve it.
The price increase could disadvantage the Quebec industry in the face of Chinese competitors at lower production costs.
“Even if a copper rate had a relatively contained impact. it would be a new blow to business confidence in a broader sense,” said Kavcic.
copper customs tariffs could hurt — Copper customs tariffs could hurt: The 50% customs tariff offered by President Donald Trump on all copper imports in the United States will hit Canada hard. in particular Quebec. Unifolié is the second copper supplier in the United States after Chile. The new American tax on .
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