14-07-2025
World's Top Cable Maker Prysmian Cheers Trump's Copper Tariff
The world's biggest maker of copper cable is applauding President Donald Trump's planned 50% tariff on the metal, saying it will bolster the American supply chain, with costs passed on to customers.
Italy's Prysmian SpA — which last year shelled out $4 billion-plus to buy Texas-based Encore Wire Corp. — is in regular contact with the administration ahead of the measure's implementation on Aug. 1, said Maria Cristina Bifulco, head of investor relations and sustainability.