Trump to set 50% copper tariff
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President Donald Trump announced a 50% tariff on copper products sold in the United States effective Aug. 1. Trump said he made the decision after he received a national security assessment, according to a social media post.
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
“The U.S. has been sucking in lots of copper that it didn’t really need from around the world,” Albert Mackenzie is a copper analyst at Benchmark Mineral Intelligence. President Trump had signaled that the tariffs were coming months ago, prompting many U.S. buyers to stockpile copper ahead of time.
U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.
Copper Falls State Park campground was recently rated the third-best in the Midwest. Now, it's earned a top-10 honor nationwide.