Trump's Bold Copper Tariff Move for National Security
President Trump has signed a proclamation imposing a 50% tariff on certain copper imports, excluding scrap and input materials. This decision emerged from a national security investigation and aims to bolster domestic industry by requiring a portion of U.S.-produced scrap to be sold domestically.
In a significant policy shift, U.S. President Donald Trump has enacted a 50% tariff on specific copper imports, a move justified by national security concerns, according to the White House. The new tariffs, which will take effect on August 1, apply to semi-finished copper products and copper-intensive derivatives.
However, certain exceptions have been made, sparing copper scrap and essential copper input materials such as ores, concentrates, mattes, cathodes, and anodes. A fact sheet released alongside the proclamation detailed these exclusions as key components of the policy.
The tariff follows a U.S. investigation under Section 232 initiated by President Trump in February. Besides imposing tariffs, the order includes measures to enhance the domestic copper industry's competitiveness, mandating that 25% of high-quality copper scrap generated domestically must be sold within the U.S.
(With inputs from agencies.)
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