Wed, 09 Jul 2025

Wed, 09 Jul 2025 US will hike tariffs on copper to 50%, Trump says

Similar threats are looming over pharmaceuticals, lumber and semiconductors.
The US imported around 810,000 metric tons of refined copper last year, with Chile being the largest supplier followed by Canada. The metal is a key component in military equipment, electric vehicles, and construction. Industry experts say they need more information on how the tax will apply to different countries and products before commenting further. Trump's plans for copper tariffs come as the White House prepares to raise tariffs on goods from various countries starting August 1.
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