President Trump's 50% tariff on most imported copper products has fueled a surge in copper prices. While the import tax might not increase the production of the metal in the U.S. it has lead to another domestic spike -- copper thefts.
Breakdown
- Copper thefts have repeatedly disrupted landline phone service in Hacienda Heights. 16s
- Copper prices have surged by up to 35 percent, fueling thefts nationwide. 23s
- Copper theft is now a nearly $2 billion annual problem in the United States. 49s
- Los Angeles has launched a task force to target copper thieves and scrap buyers. 1m 0s
- Thefts have led to costly infrastructure damage and contributed to public safety risks. 1m 18s