U.S. President Donald Trump on Wednesday signed a proclamation to address the effects of copper imports, imposing universal 50 percent tariffs on imports of semi-finished copper products and copper-intensive derivative products, effective on Aug. 1, 2025.
The proclamation directs the U.S. secretary of commerce to establish a product “inclusion” process to add copper derivative products to these tariffs, and the president is authorizing the secretary of commerce to take steps under the Defense Production Act to support the domestic copper industry, the White House said in a fact sheet.
Copper is essential to the manufacturing foundation on which U.S. national and economic security depend, and is a necessary input in a range of defense systems, including aircraft, ground vehicles, ships, submarines, missiles and ammunition, according to the fact sheet.
U.S. copper futures on Comex plunged 20 percent after the announcement, Bloomberg reported.
Also Read: Lobito Atlantic Railway Exports First Copper to US From DRC
Until Wednesday afternoon, U.S. copper prices had been trading around 28 percent above benchmark copper futures on the London Metal Exchange, as traders anticipated the tariff would be applied to all refined metal imports.
The decision is the latest surprise from Trump to upend the copper market, Bloomberg said in its report.
When the president first flagged the likelihood of tariffs early this year, he triggered a surge in U.S. copper prices relative to the rest of the world and set off a race to ship copper to the United States to beat the tariffs, delivering substantial profits to some of the world’s biggest metals traders.
Zaproxy dolore alias impedit expedita quisquam.
Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..
I believe you have mentioned some very interesting details , appreciate it for the post.
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers