Tue, 25 Feb 2025

Tue, 25 Feb 2025 Trump orders copper probe in first step to tariffs

The White House said the metal was vital to national security.
US President Donald Trump has launched an investigation into copper imports, which could lead to tariffs on the metal. The aim is to protect US copper companies from competition with China and boost domestic production. The move follows previous trade wars with countries like China and potential new tariffs on Canada and Mexico. The White House believes Chinese copper exports are a threat to national security due to their dominance in global markets. Tariffs are taxes on imported goods that make imports more expensive, supporting domestic production. The US is already a major copper producer but also imports the metal from Chile, Canada, and Mexico.
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