Trump says that a 50 % tariff on copper imports will start on August 1

US President Donald Trump said on Wednesday that a 50 % tariff on copper imports, which he had Declared the previous dayIt will apply into force on August 1.

Trump said in the decision after receiving an evaluation of national security. Published on social truth.

“I announce a 50 % tariff on copper, as of August 1, 2025, after receiving a strong national security rating,” Trump wrote.

“Copper is necessary for semi -conductors, aircraft, ships, ammunition, databases, lithium ion batteries, radar systems, missile defense systems, and even the highly chest weapons that we build a lot. Copper is the second most used material by the Ministry of Defense.”

copper Prices increased by 2.62 %, after Trump’s recent announcement, expanding its gains from the previous session when she jumped 13.12 % and recorded the best profit for one day since 1989.

Meanwhile, the three -month normative copper contracts on the London Metal Stock Exchange decreased by 1.63 % at 9630.50 dollars per ton from 9.20 am Singapore time, a reflection of the unusual unusual bonus that develops between American copper and minerals elsewhere.

According to the metal metal agency in London, metal intelligence, American consumers can pay about $ 15,000 per miter ton for copperWhile the rest of the world pays about $ 10,000 by August.

Copper is the third most consumer metal in the world, behind iron and aluminum. The United States imports nearly half of the copper it uses, with most of it comes from Chile, according to data from American geological survey.

Earlier on Tuesday, US Trade Minister Howard Lootnick told CNBC’s.Power lunch“The Trump administration wants to bring” copper production to the home ” Steel and aluminumWho Trump Double to 50 % In early June.

However, experts say this will take some time before production increases, and perhaps Contracts to meet the demand.

“He served during the era of President George W. Bush, the Minister of Commerce, to CNBC’s Emily Tan On”, who served during the era of President George W. Bush as Minister of Trade, for CNBC’s EMILY TAN “, who served during the era of President George And.China’s connection“

“Perhaps the capacity on the Internet will be in 2027 and 2028, assuming that there is a guarantee that these definitions will remain in place.”

Guterres said that

He added that the customs tariff, such as copper, steel, aluminum, and pharmaceutical preparations, can be used as a leverage in the “rural negotiations”, and Canada It is also an important source of copper for the United States

Adam Whitley of Bny Investments in “Squawk Box” from CNBC said that the latest Trump’s advertisement indicates the commercial policy he wanted to protect.

“The copper is likely to be in a third category of definitions, which is national security. So we have negotiating tactics, we have commercial imbalances, then copper, or in reality, any of the minerals, possibly semiconductor, and possibly medicines,” said Whitley.

British multinational BMI expects that the production of the global copper mine will increase at an annual rate of 2.9 % from 2025 to 2034, with an annual product from 23.8 million metric tons in 2025 to 30.9 million tons by 2034.

For this year, the company analysts expect the output of the global copper mine to increase by 2.5 % year on year in 2025, with support from the production recovery in Chile and the continuous formation of the Oyu Tolgoi mine in Mongolia.

Analysts wrote in the July 9 points, Peru, Russia and Zambia are expected to be among the main contributors to the rise in global output.

– Jenny Reed of CNBC and Kevin Proninger contributed to this report.