President Donald Trump has confirmed plans to impose a 50% tariff on copper imports, escalating his administration’s push to reshape U.S. trade policy through steep import taxes. The decision is expected to take effect by the end of July, pending formal approval, according to Commerce Secretary Howard Lutnick.
“Today we’re doing copper,” Trump said during a televised cabinet meeting. “We’re going to make it 50%.”
The announcement follows a national security investigation into the impact of copper imports on U.S. industry, echoing similar probes targeting sectors such as pharmaceuticals, semiconductors, and lumber. Trump’s approach, centered on tariffs, has drawn both praise from domestic producers and criticism from industries reliant on imported materials.
Copper prices in the U.S. surged to a record high following the announcement. The U.S. imported approximately 810,000 metric tons of refined copper in 2024, roughly half of its domestic consumption, primarily from Chile and Canada.
The 50% tariff would match recent levies imposed on steel and aluminium and far exceeds the industry’s expectations. Currently, copper imports face far lower duties. The metal is critical to the manufacture of military equipment, electric vehicles, and construction materials.
Industry observers expressed caution. “We have to see whether this will apply to all countries or only some,” said the chairman of Chile’s state-owned copper producer, Codelco, hinting at possible exemptions.
Trade analysts also weighed in. Scott Lincicome of the Cato Institute called the measure “more of the same” and warned that while it may benefit domestic copper producers, it would likely raise costs for U.S. manufacturers dependent on the metal.
The copper tariff is part of a wider package of trade actions expected to roll out starting August 1, including new levies between 25% and 40% on goods from multiple countries. Trump has reportedly sent letters to 14 nations, including Japan and South Korea, warning of impending tariffs unless bilateral agreements are reached.
In the United Kingdom, steelmakers remain in limbo, unsure whether a prior agreement with Washington will shield them from a proposed 50% tariff. Although a deal allowing limited UK metal exports tariff-free was reached in May, implementation has stalled. As of now, UK steel and aluminium products still face a 25% duty, which could double if final terms aren’t agreed upon by July 9.
Trump also reiterated plans for sweeping tariffs on pharmaceuticals, potentially as high as 200%, though he assured the industry it would have at least a year to adapt.
While the White House has not released full details of the upcoming tariff wave, the message from the administration is clear: the U.S. is doubling down on protectionist trade policies ahead of a contentious election year.
Written By Rodney Mbua
