Source link : https://las-vegas-news.com/trump-announces-bold-50-tariffs-on-select-copper-products/
Former President Trump Enacts 50% Tariffs on Copper Imports to Strengthen U.S. Manufacturing
Overview of the New Copper Tariff Policy
In a decisive effort to rejuvenate the American copper sector, former President Donald Trump has introduced a substantial tariff hike, imposing a 50% duty on selected copper imports. This bold trade initiative aims to protect U.S. copper producers from foreign competitors, notably those accused of selling copper at unfairly low prices. The policy targets refined copper products and specific copper alloys, with the tariffs initially set for two years and subject to periodic review. Notably, exemptions are granted for copper utilized in critical infrastructure projects to balance economic and strategic interests.
- Tariff Coverage: Applies to refined copper cathodes, copper wire rods, and certain copper alloys.
- Duration: Effective for two years, with potential extensions based on market conditions.
- Exemptions: Limited relief for copper used in essential infrastructure developments.
| Copper Product | Previous Import Tariff | New Tariff Rate |
|---|---|---|
| Refined Copper Cathodes | 5% | 50% |
| Copper Wire Rods | 3% | 50% |
| Copper Alloys | 7% | 50% |
Economic Ramifications for Manufacturers and Consumers
The imposition of these steep tariffs has sent shockwaves through industries dependent on copper, a vital component in sectors ranging from electronics to construction. Manufacturers now face elevated raw material costs, compelling many to reassess their supply chains…
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Author : Samuel Brown
Publish date : 2025-08-06 20:42:00
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