Trump’s 50% Tariff on Copper Rattles Market
Copper prices crashed following the announcement of a 50% tariff on copper products by President Trump, excluding raw copper forms such as concentrate and scrap.
The tariff, effective August 1, targets finished goods like copper pipe and wire to shield U.S. manufacturers, while leaving raw material imports untouched. This move reversed recent price gains driven by fears of broad copper tariffs, returning U.S. prices to levels similar to global markets.
