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2025-07-31 02:32:27
Trump's 50% tariff on semi-finished copper will be imposed in August, but refined copper will be exempted. US President Trump imposed a 50% tariff on all semi-finished copper products entering the United States, but did not apply the tariff to imported refined copper. This move will shield most domestic industries from potential cost increases. Trump issued a proclamation on Wednesday imposing a new round of tariffs on copper imports. However, the scope of the tariffs is less extensive than many market participants had expected. According to a White House document, the new tariffs will take effect on August 1st. Copper prices fell as much as 18%, but as of 2:11 pm New York time, they were trading at $5.1310 per pound, partially recovering those losses.
