US Edition
Trump’s Copper Tariff Is a First Step. Here’s What’s Needed Now to Counter China.
UNITED STATES AND CHILE, JUL 13 – The 50% tariff on copper imports aims to boost U.S. production but risks trade disputes and higher costs, with traders profiting over $300 million from market disruptions.
- On July 13, 2025, White House Economic Council Director Kevin Hassett publicly supported President Donald Trump's move to apply a 50% tariff on copper entering the United States.
- The tariff aims to reduce U.S. dependence on foreign sources like Chile, Canada, and Mexico amid concerns over supply disruptions and to support domestic copper production.
- The announcement caused copper prices to surge 13% in a single day, reaching record highs, while key suppliers and allies quickly rejected the policy, warning of trade disputes and retaliation.
- Analyst Tom Price noted that traders' profits from positioning ahead of the tariff have been spectacular, with a $5.6820 per pound price on COMEX representing a large premium over London benchmarks.
- The tariff could boost domestic mining firms but risks raising costs for U.S. manufacturers, delaying infrastructure projects, and intensifying global trade tensions amid an ongoing tariff war.
16 Articles
16 Articles
MarketWatch
RocketNewsTrump’s copper tariff is a first step. Here’s what’s needed now to counter China.
Kevin Hassett: Trump's 50% tariff on copper imports aims to prepare for US for future 'time of war'
The White House Economic Council Director is defending President Donald Trump's decision to impose a 50% tariff on copper imports.In an interview on ABC's "This Week," Director Kevin Hassett pointed to the importance of the U.S. being self-sufficient when it comes to key resources."The bottom line is that if there is a time of war, then we need to have the metals that we need to produce American weapons," Hassett said on the show on Sunday."And …
In full tension over the announcements by U.S. President Donald Trump about new tariffs on the aligned countries...
On Saturday, the Foreign Ministry of Chile reported that between July 28 and 31, the second round of technical talks between our country and the United States will take place in Washington, D.C., within the framework of the joint road map aimed at strengthening the bilateral economic and commercial relationship. Representatives of the Undersecretary of International Economic Relations (SUBREI) and the Ministry of Finance will participate in the …
The president’s announcement of a 50% tariff disconcerts the entire industry and threatens to address virtually everything that is plugged in, moved in or built up in the country
Coverage Details
Bias Distribution
- 50% of the sources lean Right
To view factuality data please Upgrade to Premium
