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Trump Says 50 Percent Copper Tariff to Take Effect Aug. 1

President Donald Trump announced on July 9 that the new 50 percent tariff on imports of copper will take effect on Aug. 1. “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump wrote in a post on Truth Social. He noted copper is needed for manufacturing semiconductors, aircraft, ships, ammunition, data centers, lithium-ion batteries, radar systems, missile defense systems, and hypersonic weapons, and is the second most used material by the Department of Defense. “America will, once again, build a DOMINANT Copper Industry.” Trump signaled on July 8 that he would impose tariffs on copper. Copper Prices Surge Copper prices have surged around 9.91 percent in the past five days, jumping from $5.02 per ounce to $5.62 per ounce. These higher prices will likely weigh on various copper-intensive sectors, including construction and technology....

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