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Originally published by Capital Business
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business
July 9, 2025
4mo ago

US will hike tariffs on copper to 50%, Trump says

US will hike tariffs on copper to 50%, Trump says

JULY 9 - Copper entering the US from other countries is set to face a new tax of 50%, President Donald Trump has said. The decision carries through on Kenya breaking news | Kenya news today |..

✨ Key Highlights

President Donald Trump announced a new 50% tariff on copper imports to the US, set to take effect by the end of July, as part of a broader strategy to protect American industries.

  • US imported about 810,000 metric tons of refined copper last year, with Chile being the largest supplier.
  • Howard Lutnick, Commerce Secretary, expects Trump to formalize the tariff decision soon.
  • The move raises uncertainty in the industry, as some are awaiting specific exemptions for certain countries and products.

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Geopolitical Policies and International Relations

Russia labels Yale University as 'undesirable organization'. US will hike tariffs on copper to 50%, Trump says. Action urged to halt exodus of firms leaving UK.

Russia labels Yale University as “undesirable organization”
Russia labels Yale University as “undesirable organization”

Capital Business

Action urged to halt exodus of firms leaving UK
Action urged to halt exodus of firms leaving UK

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