President Trump announced a 50% tariff on copper imports effective August 1, citing national security concerns after a recent assessment. This decision follows a Section 232 investigation into copper imports, which evaluated domestic production and the necessity of protective measures. The U.S. primarily imports copper from Chile and Canada, totaling over $10 billion last year. Experts warn that these tariffs could lead to increased costs for imported metals, contributing to cost-push inflation.

Source: https://www.supplychaindive.com/news/us-levy-50-copper-tariffs-aug-1/752683/