The price of copper in the US has soared to an all-time high due to the 50% tariffs announced by Trump, hurting costs for consumers and public projects.

The price of copper has hit an all-time high of $5.69 per pound in the US, following Donald Trump's announcement of a 50% tariff on imports. The price hike, the biggest since 1989, could quickly affect the entire economy, pushing up the price of refrigerators, cars and appliances. While the tariffs are meant to boost domestic production, expanding extraction capacity will take time and require large investments. The impact on consumers and the economy is already visible, and analysts warn of potentially severe long-term effects.