World’s Top Cable Maker Sees US Copper Tariff as Opportunity (1)

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.

Trump sparked chaos in metals markets last week by announcing the higher-than-expected copper tariff, the latest twist in a tumultuous period for industrial ...