Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.

President Trump’s 50% tariffs on copper, due to start August 1, are causing unusual distortions in the metal markets. Copper is now 25% more expensive in New York than London. And there’s a rally in copper scrap.

A nother deadline passed on Wednesday without President Donald Trump following through on his threats to impose new tariffs. It was 90 days ago that Trump had announced an abrupt pause in his plan to levy new tariffs on countries around the world.

President Donald Trump said “no extensions will be granted” to his Aug. 1 tariff deadline in a Tuesday social media post, the latest bit of uncertainty over when his tariffs will go into effect. “There has been no change to this date,

In the letters, President Trump warned countries that they would face even higher tariffs if they retaliated by increasing their own import taxes.