“Today, we are doing copper,” said U.S. President Donald Trump after listing many other tariffs raised by the country. “I believe in the tariffs on copper, we will impose 50%.
The president says copper price will equal copper price for steel and aluminum
U.S. President Donald Trump said he would announce a 50% tariff on imported copper.
Trump commented at a cabinet meeting at the White House on Tuesday.
“Today, we are making copper,” he said, listing many other tariffs proposed by the United States. “I believe in the tariff on copper, we will impose 50%.”
The Trump administration announced the 232nd February investigation into U.S. metal imports. The investigation focuses on the national security impact of copper imports.
Canada is the main exporter of copper in the United States
U.S. President Donald Trump sent letters to governments around the world on Monday outlining the tariffs he will impose on August 1. Recipients include Japan, South Korea and South Africa. The deadline for Canada to reach a deal with the United States on July 21 still appears to be there.
This breakthrough story will be updated.
