Copper, US and Trump
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U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,
US buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such as wiring, according to producers and analysts.
The United Steelworkers union (USW) denounces U.S. President Donald Trump’s announcement that a 50% tariff on imported copper will take effect on Aug. 1, 2025. “This is yet another escalation in Trump’s trade war that puts Canadian jobs and entire industries at risk,
Freeport-McMoRan could see a $1.6-billion boost to annual profit if President Donald Trump's copper tariff materializes, a benefit driven by the firm's role as the largest U.S. producer with more expansion options than rivals.
Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.
Rio Tinto Plc says it has a “strong desire” to invest in US copper mining following President Donald Trump’s plans to levy imports of the critical metal.
U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday,