Trump imposes 50% copper tariffs; metal’s price tanks
Copper pipes are exhibited on July 9, 2025 at a house reconstruction store in New York.
Spencer Plato | Getty Images
President Donald Trump signed on Wednesday for order to impose a universal 50% tariff copper Import is the latest metal that it targets with an upright import tax.
US Copper prices, the White House decreased by 18% in post -working operations as soon as the new tariff rate announced. Copper miners Freeport-Mcmoran And South Copper It fell by 10% and more than 6%, respectively.
If the sale continues until Thursday’s trade session, it will mark the largest one -day drop of metal since 1989.
New, high copper tariffs come into force on Friday. real page It was released by the White House.
The Trump administration says that new tasks that follow 50% US tariffs imposed on steel and aluminum aim to increase domestic industries and address “trade imbalances”.
However, experts warn that they can do raise prices On all kinds of products, from construction materials using versatile metal to electronics.
And Trump’s imported cars, timber and other sector tariffs and ongoing trade investigations that target drugs, can reduce US growth in general. Tax Foundation.
It is the third most consumed metal behind copper, iron and aluminum. The US imports almost half of the copper it uses, most of them come from Chile, US geological research.
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– Spencer Kimball from CNBC contributed to this report.
