Aaron Forkash, a scrap metal dealer based in California, plans to continue exporting copper to Asia even after US President Donald Trump’s new 50 per cent tariff on the metal comes into force on August 1.
The Trump administration has said the import duty will help revive the US copper industry by making it more profitable to produce the metal at home.
But the truth is that it is actually cheaper and easier for American scrap dealers to ship copper to China and other Asian economies than to…