Texas Plant Gives Chinese Company An Edge In Copper Tariff War

(MENAFN- Investor Brand Network) Wellascent Electronic, a Chinese company manufacturing copper flat wire, decided to construct a production plant in Texas at the start of 2024. Their bold decision was based on a desire to avoid getting caught in the middle of the growing geopolitical risks between the U.S. and China. With the imposition of stiff tariffs on copper imports into the U.S., the company's bet seems to be paying off as American-based buyers are making orders in order to avoid paying the tariff on imported flat wire and other semi-finished goods.

Entities in the copper extraction ecosystem like Aston Bay Holdings Ltd. (CVE: BAY) (OTCQB: ATBHF) can also be thankful that the U.S. tariffs exempted refined copper from the huge levies placed on...

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NOTE TO INVESTORS: The latest news and updates relating to Aston Bay Holdings Ltd. (CVE: BAY) (OTCQB: ATBHF) are available in the company's newsroom at

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