Utah could benefit from a new tariff on U.S. copper imports thanks to it's rich natural resources and investment-friendly mining incentives

U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

“Eventually, physical demand growth for copper worldwide will come under pressure, as downstream players seek to defer consumption,” said Tom Price, commodities analyst at Panmure Liberum. The US imports about 60 per cent of its copper, primarily from Chile, with the rest met by domestic mines or recycled scrap.