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Trump Says 50% Tariff on Copper Imports to Take Effect August 1
Former U.S. President Donald Trump has announced a new trade policy imposing a 50% tariff on all copper imports, effective August 1, 2025. The decision is based on a national security assessment under Section 232, aimed at strengthening domestic production in strategic sectors.
ECONOMICS
7/10/20251 min read
Trump stated that copper is a critical material for key American industries, including electric vehicles, defense, data centers, and semiconductor technology. “We cannot rely on foreign nations for something as critical as copper,” Trump said during a press conference in Washington.
Market and Industry Reaction
Markets responded swiftly to the announcement. Copper futures surged, reflecting concerns over potential disruptions in global supply. Industry stakeholders warned that such high tariffs could raise production costs and consumer prices for products like electronics, automobiles, and household appliances.
International Response
Major copper-exporting countries such as Chile, Canada, and Peru voiced opposition to the policy, arguing that the move could spark new trade tensions and harm bilateral economic relations.
Part of a Broader Strategy
The copper tariff is part of Trump’s broader effort to restore U.S. industrial dominance. In addition to copper, his administration has also announced upcoming tariffs on steel, aluminum, certain pharmaceuticals, and goods from countries like Brazil and China.