Trump Announces 50% Tariff on Copper Imports

Cheddar News

President Trump announced a 50% tariff on copper imports, citing national security and the need to support key U.S. industries like electric vehicles & defense.

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00:00President Trump announced a 50 percent tariff on copper imports, citing national security

00:05and the need to support key U.S. industries like electric vehicles, defense, and infrastructure.

00:11The news caused copper futures to surge over 10 percent as markets reacted to the aggressive

00:16trade stance.

00:17This move follows a Section 232 investigation launched in February and mirrors similar probes

00:23into steel, aluminum, and semiconductors.

00:26The president stated the tariffs are set to take effect by August 1st with no extensions,

00:31reinforcing his protectionist economic strategy.

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