U.S. President Donald Trump announced a 50% tariff on copper imports starting August 1, citing a national security assessment and the goal of boosting domestic production.
00:00U.S. President Donald Trump also announced a 50% tariff on copper imports starting August 1st.
00:07Trump says the move comes after receiving a national security assessment and is aimed at boosting domestic production.
00:16On his Truth Social post, Trump said copper is essential for semiconductors, aircraft, ships, ammunition, data centers, batteries, radar, missile defense and hypersonic weapons.
00:28He also said that it is second most used material by the U.S. Department of Defense.
00:34According to the U.S. Geological Survey, the nation relies on imports for nearly half its refined copper, importing 810,000 metric tons in 2024.
00:44More than two-thirds of U.S. copper is mined in Arizona, where development of a major mine planned by Rio Tinto and BHP has been stalled for over a decade.
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