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Trump's 50% Copper Tariff to Impact Prices on Goods and Imports

Originally Published 6 months ago — by Yahoo Finance

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Source: Yahoo Finance

U.S. President Donald Trump announced a 50% tariff on copper starting August 1 to promote domestic industry development, citing national security concerns. The move aims to boost U.S. copper production, crucial for sectors like defense and electronics, amid reliance on imports from countries like Chile, Canada, and Mexico. The tariff follows a Section 232 investigation and is part of broader sectoral tariffs impacting costs for American consumers.