Rebel Capitalist News Ok, This Is NEVER Supposed To Happen
Jul 9, 2025
In this engaging discussion, experts dive into the surprising surge in copper prices sparked by a proposed 50% tariff. They explore how this tariff could disrupt the manufacturing sector and the broader economic landscape. The conversation highlights the importance of understanding the ripple effects on high-value product inputs. Tune in for insights on why tariffs should be approached with caution and the potential outcomes for the economy.
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Tariffs Should Exclude Raw Materials
- Effective economic growth requires importing raw materials tariff-free and exporting high value-added goods.
- Tariffs should never be applied to raw materials as it raises input costs and harms manufacturing.
Copper Prices Soar After Tariff Talk
- Copper prices surged nearly 17% in one day following talk of a 50% tariff.
- Imposing tariffs on copper, a raw material, contradicts sound economic principles and harms the economy.
Tariffs Raise Manufacturing Costs
- Higher copper prices raise costs for U.S. manufacturers producing finished goods like robots.
- Increasing input costs undermines efforts to promote domestic high-value manufacturing and innovation.