US EditionTrump Imposes 50% Tariff on Copper Imports, White House Says
UNITED STATES, JUL 30 – The 50% tariff targets semi-finished copper imports to reduce U.S. reliance on foreign sources and support domestic production, following a national security investigation under Section 232.
- U.S. President Donald Trump signed a proclamation on Wednesday imposing a 50% tariff on semi-finished copper and copper-intensive products effective August 1 in the United States.
- The tariff was implemented following a national security review initiated earlier this year under Section 232 of U.S. trade law, which determined that copper imports posed a risk to the domestic industry.
- The order also mandates that 25% of high-quality copper scrap produced in the U.S. be sold domestically, while excluding raw copper materials like ores and cathodes from tariffs.
- Copper is the third-most-consumed metal in the U.S., which imports nearly half its copper primarily from Chile, and experts warn the tariffs could raise costs for products using versatile metals, including electronics and construction materials.
- The tariffs aim to bolster the domestic copper industry and address trade imbalances, but analysts note they could dampen U.S. economic growth and increase prices broadly.
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121 Articles
India-US trade deal impact ‘limited’, says GTRI’s Ajay Srivastava on 50% U.S. copper tariff
Commenting on the development, think tank GTRI said since the tariff applies uniformly to all countries, including allies like Japan and the EU, it creates a level-playing field among global suppliers
Tomorrow, the United States will impose a 50 percent tariff on some copper products for supposed reasons of national security. Graven was less than expected, with exceptions that include inputs such as concentrated minerals and cathodes, which are fundamental for several industries.
Chile dodges US's 50% tariffs on copper
US President Donald Trump's 50% tariff on copper imports will not apply to Chile's primary export to the United States: refined copper cathodes. This decision, announced in a White House proclamation, has been met with relief and celebration by officials in Santiago.
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