U.S. Copper Costs Soar — Businesses Could Feel the Squeeze

U.S. copper prices have hit record highs following President Trump’s plan to impose a 50% tariff on copper imports.

While meant to boost domestic production, experts say that will take years — and the U.S. still relies on imports for nearly half its copper needs.

Prices on the Comex jumped 13% in a single day, far outpacing global benchmarks.

With the premium between U.S. and global copper prices hitting unprecedented levels, analysts warn of serious consequences for manufacturers, construction, and the broader economy.