Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Trump pledges 50% tariff on copper imports
Business

Trump pledges 50% tariff on copper imports

Buddy DoyleBy Buddy DoyleJuly 8, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Trump pledges 50% tariff on copper imports
Share
Facebook Twitter LinkedIn Pinterest Email

President Donald Trump has announced that the U.S. will impose a 50% tariff on imported copper, marking a new escalation in his broader levy policy aimed at reshoring critical U.S. industries.

Trump made the announcement during a Cabinet meeting in front of the press on Tuesday where he linked the move to his America First policy of rebuilding industrial supply chains and forcing companies to source materials domestically.

“Today we’re doing copper,” Trump said while noting that imported steel and aluminum already face 50% tariffs, while cars and car parts have 25% tariffs.

US MINERS EYE COPPER COMEBACK AS DEMAND RISES

“We’re going to be announcing pharmaceuticals, chips and various couple of other things, you know, big ones,” he said prefacing the copper tariffs.

When asked to clarify the rate he said: “I believe the tariff on copper, we’re going to make it 50%.”

Commerce Secretary Howard Lutnik agreed that the 50% rate was accurate.

Trump did not say when the tariff would take effect and told reporters that he planned to make the copper tariff announcement later in the day.

President Donald Trump speaks to members of the press during a Cabinet Meeting at the White House

TURKEY-BASED COPPER WIRE MANUFACTURER TO INVEST $34M IN SOUTH CAROLINA OPERATION

Trump also didn’t specify whether the tariff applies to all countries or selected ones. Chile is the largest copper exporter globally. The U.S. has a free trade agreement with Chile, but a blanket tariff could override it unless exceptions are carved out.

The steel and aluminum tariffs initially applied globally and were then modified by country, with exclusions for allies.

Copper is a critical material used in electrical wiring for homes, vehicles, buildings and power grids. It’s also used in renewable energy systems like solar panels and wind turbines as well as electric cars.

President Donald Trump holds sign about his tariff plan

In February, Trump ordered a probe into potential new tariffs on copper imports in an effort to rebuild U.S. production, a move that appeared to prompt a rush for copper.

Futures contracts for the metal jumped by 13% after the announcement, the largest single-day price surge in records going back to 1968, the Wall Street Journal reported, citing Dow Jones Market Data. U.S. futures prices by nearly 42% this year, the outlet reported.

Trump announced the initial round of tariffs on April 2, 2025, during an event he dubbed “Liberation Day” at the Rose Garden at the White House. Copper was not included in the initial list of tariffed goods.

Reuters contributed to this report.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US
Next Article TOP 10 BEST SELF DEFENSE GADGETS & GEAR ON AMAZON 2020

Related Articles

A breakdown of the trade links of Trump’s latest tariff targets

A breakdown of the trade links of Trump’s latest tariff targets

July 9, 2025
Humanoid robot ‘graduates’ from Chinese high school in bizarre ceremony: report

Humanoid robot ‘graduates’ from Chinese high school in bizarre ceremony: report

July 9, 2025
Former Fed governor says Trump is right to be frustrated with Powell’s restrictive policies

Former Fed governor says Trump is right to be frustrated with Powell’s restrictive policies

July 9, 2025
Trump pledges 50% tariff on copper imports

Trump teases announcements on trade negotiations with seven countries

July 9, 2025
Wendy’s CEO steps down to take top leadership position at Hershey Company after brief tenure

Wendy’s CEO steps down to take top leadership position at Hershey Company after brief tenure

July 9, 2025
Popular candy maker pushes back on RFK Jr’s MAHA initiative to ban synthetic food dyes

Popular candy maker pushes back on RFK Jr’s MAHA initiative to ban synthetic food dyes

July 9, 2025
Byrna Technologies CEO ‘pleased’ with Trump tariffs hitting Chinese rivals

Byrna Technologies CEO ‘pleased’ with Trump tariffs hitting Chinese rivals

July 8, 2025
Ticket prices for Cooper Flagg’s NBA Summer League debut soar as interest in Mavs rookie heightens

Ticket prices for Cooper Flagg’s NBA Summer League debut soar as interest in Mavs rookie heightens

July 8, 2025
Luxury retailer closing stores in two states by end of August

Luxury retailer closing stores in two states by end of August

July 8, 2025
Don't Miss
TOP 10 BEST CAMPING GEAR LIST 2020

TOP 10 BEST CAMPING GEAR LIST 2020

A breakdown of the trade links of Trump’s latest tariff targets

A breakdown of the trade links of Trump’s latest tariff targets

Judge torched for Planned Parenthood order: Her court looks ‘like a fast food drive-through’

Judge torched for Planned Parenthood order: Her court looks ‘like a fast food drive-through’

Kevin Durant, Steve Nash reflect on issues that plagued Nets during turbulent run in Brooklyn

Kevin Durant, Steve Nash reflect on issues that plagued Nets during turbulent run in Brooklyn

Latest News
Humanoid robot ‘graduates’ from Chinese high school in bizarre ceremony: report

Humanoid robot ‘graduates’ from Chinese high school in bizarre ceremony: report

July 9, 2025
Supreme Court lets Trump’s ‘wrecking ball’ federal job cuts proceed while legal fight continues

Supreme Court lets Trump’s ‘wrecking ball’ federal job cuts proceed while legal fight continues

July 9, 2025
Seven Chinese nationals charged in multimillion-dollar marijuana trafficking operation

Seven Chinese nationals charged in multimillion-dollar marijuana trafficking operation

July 9, 2025
Top 10 Best Portable Camping Cot & Bed 2020

Top 10 Best Portable Camping Cot & Bed 2020

July 9, 2025
Former Fed governor says Trump is right to be frustrated with Powell’s restrictive policies

Former Fed governor says Trump is right to be frustrated with Powell’s restrictive policies

July 9, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.