Washington – President Donald Trump has confirmed a 50% tariff on copper imports will take effect on August 1, citing national security concerns. The move targets key sectors such as defense, energy, and technology.
In a statement on Truth Social, Trump explained the decision stemmed from a comprehensive national security review. He emphasized copper’s critical importance in various industries, including semiconductors, ammunition, aircraft manufacturing, data centers, and hypersonic weapons.
“Trump pointed out that within military supply chains, copper stands just behind the top material in terms of importance.”
Copper Prices Spike on Supply Concerns
Following the announcement, copper prices in the U.S. jumped 2.62%, building on a historic 13.12% surge the previous day—the sharpest single-day rise since 1989. Analysts now caution that U.S. buyers may face copper prices reaching up to $15,000 per metric ton, while the global average remains near $10,000.
The U.S. relies on imports for nearly half of its copper supply, with Chile as the leading source. This new tariff mirrors existing duties on steel and aluminum, which were also raised to 50% in June.
Commerce Secretary Howard Lutnick stated that the administration is focused on reviving domestic copper production. However, experts caution that it could take years before local supply can meet national demand.
“There will be shortages and elevated costs in the short term,” said former Commerce Secretary Carlos Gutierrez.
Analysts view the copper tariff as part of Trump’s larger trade approach aimed at increasing leverage in strategic sectors, potentially signaling similar actions on other key industrial materials.
