President Donald Trump announced that his administration will impose a 50 % tariff on imported copper, which represents a new escalation in his broader policy on a tax.
The White House Economic Council is defending President Donald Trump The decision to impose a 50 % tariff on copper imports.
In an interview with “this week” from ABC, director Kevin Haysit pointed out the importance of the United States being self -sufficient when it comes to the main resources.
“The bottom line is that if there is a time for war, then we need to get the minerals that we need to produce American weapons,” Haysit said at the exhibition on Sunday.
He said: “Copper is a major component of many American arms groups. Therefore, we look forward to the threats facing America, the president decided that we have a lot of copper in the United States, but not enough to produce copper. For this reason he took a strong step.”
Trump pledges 50 % tariffs on copper imports
Anodes Copper Loaded Shipping at the Codelco El Olivar (ETEO) facility at El Olivar, Chile, on Wednesday, April 2, 2025. (Cristobal Olivares/Bloomberg)
Trump released this announcement last week, during a cabinet meeting In front of the press. The transition to America’s first policy of rebuilding industrial supply chains and forcing companies to obtain materials at the local level has linked.
“We are doing copper.” Trump said. 50 % tariff, While cars and auto parts have a 25 % tariff.
The return of copper in the United States to work from miners with high demand
Copper cable at Parus Electro LLC in Moscow, Russia, on Friday, February 18, 2022. (Andrey Rudakov / Bloomberg / Getty Images)
The duties on their own may be manageable, but the prices of vital minerals for car making, especially in harnessing wires and engines for electric cars, have increased to record high levels, according to Reuters.
Trump did not specify whether the tariff applies to all countries or that chosen. Chile is the largest copper source in the world. The United States has a free trade agreement with Chile, but the battle tariff can exceed it unless the exceptions are carved.
Kenikot Copper mine outside the Salt Lake City, Utah. (Planet One Images / Universal Images Group via Getty Images / Getty Images)
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Trump’s announcement of the US -dollar definition prices prompted $ 5.6820 per pound or $ 12,526 per metric ton, a premium of more than $ 2920 per ton on the price of the London Metal Stock Exchange, currently about 9,600 dollars per ton, which the market uses as a global standard. The average is valid 1 August.
Michael Dorgan and Reuteers at Fox Business contributed to this report.
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