President Donald Trump announced that his administration would impose 50% tariffs on imported copper, marking a new echoization in his broader collection policy.
Copper prices followed the president on Tuesday Donald Trump’s He announced that he would impose a 50% tariff on copper imports as he attempts to boost domestic production of important metals.
The price of copper reached a record high that his administration would impose a 50% tariff on copper, following the president’s announcement at a cabinet meeting in front of the press. Copper import It is scheduled to end this summer.
“We’re doing copper today,” the president said. “I believe in copper tariffs, we’re going to make it 50%,” he said, not specifying whether it would be limited to copper imports from certain countries. Commerce Secretary Howard Lutnick has indicated that tariffs will be imposed in the second half of July or August.
Copper futures rose 13% since the announcement. This is the largest day move in the history of goods, as tariff plans already showed more constraints on metals in demand.
Trump pledges 50% tariffs on copper imports
Copper was already in high demand before the tariff announcement, in an effort to upscale the electric grid. (Andreil Dakov/Bloomberg/Getty Images)
Phil Filnn, senior market analyst at Price Futures Group and Fox Business Network, writes to investors that copper is already facing a “strained structure” as it is in high demand as a conductive metal amid increasing power demand derived from data centers and data centers. artificial intelligence.
Flynn wrote, “The market has realized how critically connected the global copper supply is,” adding that the copper market could require a shock to raise prices to meet demand.”
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Kennecott Copper Mine outside Salt Lake City, Utah. (Planet One Images/Universal Images group via Getty Images/Getty Images)
Adam Turnquist, chief technical strategist at LPL Financial, wrote in an investor’s note that investors were “taking off guard as the market was expecting a much lower tariff rate.”
Turnquist added a surge in demand Our copper It has pushed domestic prices to a 25% premium over copper trading at the London Metal Exchange. This could lead to a depletion of copper inventory and lead to a global supply shortage.
“Rises in copper prices can have a significant impact on copper-intensive sectors such as building construction, equipment manufacturing, electric vehicles and electronic products,” writes Turnquist. “The widespread use of copper can promote inflation concerns.”
The price of copper reached a record high following President Trump’s announcement at a cabinet meeting before reports that his administration would impose a 50% tariff on copper imports. (istock / istock)
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Copper prices rose more than 37% in 2025, up 29% over the past six months, including an increase of over 12% last month.
Copper prices have risen by more than 21% over the past year.
Michael Dorgan and Reuters of Fox News Digital contributed to this report.
