Prysmian in "much stronger position" after Trump's new copper tariff set-up, CEO says
ReutersJul 31, 2025 7:00 AM
MILAN, July 31 (Reuters) - Italy's Prysmian PRY.MI is in a "a much stronger position" after the new set-up on copper tariffs decided by the U.S. administration, the cable maker's CEO Massimo Battaini said on Thursday, presenting the group's second quarter results.
U.S. President Donald Trump on Wednesday signed a proclamation imposing a 50% tariff on semi-finished copper products and copper-intensive derivative products as of August 1, while exempting copper cathodes and other red metal input materials such as scrap, ores, concentrates, mattes and anodes.
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