Trump Says 50% Copper Tariff To Take Effect Aug. 1
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Plans involve including semi-finished products such as wires, sheets, tubes and plates. Read more at straitstimes.com. Read more at straitstimes.com.
U.S. President Donald Trump on Tuesday said he planned to announce a 50% tariff on copper imports later in the day, surprising a global industry whose output is critical to electric vehicles, military hardware,
The US announced a 50 percent tariff on copper imports on Wednesday, which will go into effect on August 1. Many analysis reports pointed out that the US still relies on copper imports and it takes a long time to build up copper production capacity at home.
In a televised cabinet meeting, President Trump indicates he favors placing a 50 percent tariff on inbound copper after a trade review is complete.
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