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Trump 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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Mises Institute broke the news in on Tuesday, July 8, 2025.
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