Trump's Bold Move: Tariffs on Copper Imports
U.S. President Donald Trump signed a proclamation implementing a 50% tariff on semi-finished copper products and copper-intensive derivative products, effective August 1. This decision, announced by the White House, was justified on the grounds of national security, sparking discussions on its potential impact on industries relying on copper.
In a significant policy move, U.S. President Donald Trump has enacted a proclamation to impose tariffs on copper imports, the White House announced Wednesday.
The move mandates a 50% tariff on semi-finished copper products and copper-intensive derivatives, starting August 1, with national security cited as the primary reason for this decision.
This proclamation has initiated discussions across various sectors, particularly those dependent on copper, concerning the wider economic impact of such tariffs.
(With inputs from agencies.)
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