President Donald Trump announced that the US will begin imposing a 50% tariff on copper imports starting Aug. 1. 
The move is expected to affect American manufacturers across various sectors, such as automotive industry to home appliances.
While he first mentioned the tariffs during remarks to reporters on July 8, Trump confirmed the start date in a post on his platform, Truth Social, blaming previous administrations for the decline in America’s influence in the copper industry.
He wrote in a post on July 9 that he is imposing the 50% tariff following a strong national security assessment.
He added that copper is essential for semiconductors, aircraft, ships, data centers, lithium-ion batteries, radar systems, missile defense, and even hypersonic weapons—many of which the US produce in large quantities.
Copper is the second most-used resource in the Department of Defense, Trump noted.
President Donald Trump announced that the US will begin imposing a 50% tariff on copper imports starting Aug. 1.
The move is expected to affect American manufacturers across various sectors, such as automotive industry to home appliances.
While he first mentioned the tariffs during remarks to reporters on July 8, Trump confirmed the start date in a post on his platform, Truth Social, blaming previous administrations for the decline in America’s influence in the copper industry.
He wrote in a post on July 9 that he is imposing the 50% tariff following a strong national security assessment.
He added that copper is essential for semiconductors, aircraft, ships, data centers, lithium-ion batteries, radar systems, missile defense, and even hypersonic weapons—many of which the US produce in large quantities.
Copper is the second most-used resource in the Department of Defense, Trump noted.
