Trump imposes universal 50% tariff on copper imports, White House says

Trump imposes universal 50% tariff on copper imports, White House says


Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City.

Spencer Platt | Getty Images

President Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax.

The new, higher copper tariffs go into effect Friday, according to a fact sheet released by the White House.

The Trump administration says that the new duties, which follow 50% U.S. tariffs already imposed on steel and aluminum, are aimed at boosting domestic industries and addressing “trade imbalances.”

But experts warn that they could raise prices on all sorts of products that utilize the versatile metals, ranging from construction materials to electronics.

And Trump’s other sector-specific tariffs and ongoing trade investigations, which target imported autos, lumber and pharmaceuticals, could dampen U.S. overall growth, according to the Tax Foundation.

Copper is the third-most-consumed metal, behind iron and aluminum. The U.S. imports nearly half of the copper it uses, most of which comes from Chile, according to data from theĀ U.S. Geological Survey.

This is breaking news. Please check back for updates.

Read more CNBC politics coverage



Source

U.S. and China economic chiefs meet in Paris to clear path to Trump-Xi summit
Politics

U.S. and China economic chiefs meet in Paris to clear path to Trump-Xi summit

U.S. Treasury Secretary Scott Bessent gives a statement during the 56th annual World Economic Forum (WEF) meeting, at the USA House venue, in Davos, Switzerland, January 19, 2026. Denis Balibouse | Reuters Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday to iron out kinks in their trade […]

Read More
Trump fundraising pitch features U.S. soldiers killed in Iran war
Politics

Trump fundraising pitch features U.S. soldiers killed in Iran war

President Donald Trump’s political action committee this week sent a fundraising email promising donors “private national security briefings” by the president himself and featuring a photo from the dignified transfer for U.S. service members killed in Kuwait. “For the first time ever, I’m opening up spots on the National Security Briefing Membership,” reads the email, […]

Read More
FCC chair slams broadcasters after Trump disputes reports on Iran-damaged U.S. tankers
Politics

FCC chair slams broadcasters after Trump disputes reports on Iran-damaged U.S. tankers

FCC Chairman Brendan Carr testifies during a House Energy and Commerce Communications and Technology Subcommittee hearing on “Oversight of the Federal Communications Commission” on Capitol Hill in Washington, DC, on Jan. 14, 2026. Saul Loeb | AFP | Getty Images Federal Communications Commission Chair Brendan Carr on Saturday blasted broadcasters shortly after President Donald Trump […]

Read More