US Edition
Trump announces 50% tariff on copper effective August 1
UNITED STATES, JUL 10 – The 50% tariff aims to reduce U.S. dependence on foreign copper vital for defense and industry, with imports covering nearly half of U.S. refined copper needs, officials said.
- President Donald Trump declared that starting August 1, 2025, the United States will implement a 50 percent tariff on imported copper to support domestic production.
- This tariff follows a Section 232 investigation started in February that cited national security concerns to justify higher restrictions on copper imports.
- The tariff aims to protect U.S. copper production, which is critical for defense, electronics, and automotive industries, and marks an extension of prior steel and aluminum tariffs.
- Copper prices on U.S. Comex futures surged to record highs after the announcement, reflecting market concerns about supply disruptions and tariff impacts.
- The tariff may encourage domestic copper industry growth but risks increasing costs for American consumers and intensifies ongoing negotiations with at least 14 affected countries.
255 Articles
255 Articles
Investors bet on Zambian copper despite US tariffs
Canadian mining company Barrick is pushing ahead with a $2 billion expansion of its copper operations in Zambia, its CEO said, stressing his bullish stance on the metal’s prospects despite looming US tariffs. During a visit to Lusaka last week, Mark Bristow said the development of the company’s Lumwana site had put it “on course to join the world’s list of large and strategically important copper mines.” The plan seeks to double annual output at…
Trump’s 50% Tariff on COPPER Sends Prices of the Metal Soaring
This article was originally published by Ava Grace at Natural News. Copper prices hit historic highs after U.S. President Donald Trump announced a 50 percent tariff on imports, causing a 17 percent spike in futures before a slight retreat. The move aims to boost domestic production but risks disrupting global trade and raising costs for U.S. manufacturers. Copper is vital for industries like EVs, defense, and renewable energy. The U.S. import…
The Tale of the Tariffs: Canada, Copper, and Chaos - Liberty Nation News
By Andrew Moran It was quite a whirlwind week for President Donald Trump’s trade agenda. From extending the deadline for reciprocal tariffs to penning letters announcing new levies on commodities, countries, and industries, it is addictive. Just when everyone thought the dog days of summer would be a quiet period to allow the world to take a breather, […]
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