US EditionTrump says he will impose 50% tariff on copper
UNITED STATES, JUL 8 – The 50% copper tariff aims to protect U.S. industry under national security grounds while pharmaceutical tariffs of up to 200% are delayed to allow manufacturers time to adjust.
- On July 8, 2025, during a White House Cabinet meeting in Washington, D.C., President Donald Trump stated his intention to implement a tariff on copper imports at a rate of half the product's value.
- The tariff follows ongoing investigations under Section 232 into metal imports, driven by concerns over trade reciprocity and the need to boost domestic smelting capacity.
- Trump emphasized that the tariff marks his fourth broad tariff measure during his second term and warned that retaliation could lead to further escalation of duties.
- Copper futures reached a record high of $5.66 per pound and have surged 38% this year, reflecting stockpiling ahead of the tariff’s enforcement on August 1 without further extensions.
- The 50% tariff aims to incentivize domestic production and industry investment, but experts note it may raise import costs and prompt trading partners to adjust their policies.
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145 Articles
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Trump announces 50% tariff on copper - concern mounts in Chile
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Trump's Copper Tariff Sparks Market Reactions
Trump's Copper Tariff Sparks Market Reactions U.S. President Donald Trump has announced a 50% tariff on imported copper, causing U.S. Comex copper futures to surge more than 12% to a record high. This move could amplify his already extensive global trade war. Copper is essential to electric vehicles, military hardware, and many consumer goods.Market reactions to the announcement were mixed, with major stock indexes inching lower. Freeport-McMoRa…
Trump says to impose 50 pct tariff on copper
NEW YORK, July 8 (Xinhua) -- U.S. President Donald Trump said Tuesday a new tariff of 50 percent will be imposed on all copper imported into the United States, but did not give a specific time when the new tariff will take effect. Read full story
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