LeadStory

CBS America

Rising copper prices fuel wave of thefts

CBS America · Just In
CBS America
CBS America
Just In

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
CrimeEconomy