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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
  • United States of America

Copper shock: auto industry faces cost surge under new tariff

Copper shock: auto industry faces cost surge under new tariff

President Donald Trump’s latest tariff announcement — a proposed 50% duty on copper imports to take effect in August — is sending shockwaves through the American auto industry, which is already strained by rising material costs. Industry analysts warn the move could trigger a fresh wave of price increases for vehicles, as financial pressures ripple down through the supply chain.

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