May 30: President Trump announced during a rally that he will double tariffs on steel and aluminum imports to 50% from 25%, effective Wednesday, June 4, stating the increase would secure the future of domestic steel.

The U.S. trucking market is grappling with a two-year down period while global container prices spike due to ongoing U.S.-China trade talks.

The aluminum and steel markets are reacting to new 50% tariffs while copper mining’s environmental and social challenges collide.