US EditionTrump says he will impose 50% tariff on copper
UNITED STATES, JUL 10 – The 50% tariff aims to protect US industry amid trade imbalances and national security concerns, pushing copper prices to record highs and affecting global supply chains, experts say.
- On Tuesday, President Donald Trump revealed a sudden 50% tariff on all copper imports to the United States, representing the fourth comprehensive tariff he has implemented during his current term.
- The tariff follows concerns that global copper competitors threaten U.S. national security amid increasing copper demand and limited domestic supply growth.
- Chile, the largest foreign copper supplier shipping $6 billion worth last year, said it had received no formal notice and questioned which products would be affected.
- Copper futures surged over 12%, reaching record intraday prices, while analysts said the tariffs would support higher U.S. copper prices despite possible short-term global disruptions.
- This tariff move could escalate the global trade war and affect copper-reliant sectors, though the timing and full impact of enforcement remain unclear.
328 Articles
328 Articles
How Trump's 50% copper tariff could impact Americans
President Trump said he plans to impose a 50% tariff on copper in a Cabinet meeting on Tuesday as the White House continues to pressure trade partners into deals. CBS News' Nancy Cordes has the latest updates, while Laila Maidan, a reporter for MarketWatch, joins with more details.
Prysmian shares rise as Italian cable maker seen as winner amid US copper tariffs
MILAN (Reuters) -Prysmian shares rose as much as 4% on Wednesday on expectations the world’s largest cable maker’s large U.S. business could benefit from U.S. tariffs on copper, as it sources the metal locally and should be able to pass on higher prices to customers. U.S. President Donald Trump on Tuesday said he would impose new levies, including a 50% tariff on imported copper, broadening a trade war that is rattling markets worldwide. “We con…
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