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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump’s 50% Copper Import Tariff Said To Cover Refined Metal

  • US President Donald Trump's proposed 50% copper tariffs are anticipated to cover refined copper, aiming to boost American production of the essential material.
  • Including refined copper in the tariff list, which is a significant import category for the US, is expected to have broad implications due to its crucial role in various sectors such as electric grids, construction, automaking, and consumer electronics.
  • The tariff measures have not been finalized yet and require an official announcement from Trump, as stated by a White House official after the recent announcement lacked detailed information.
  • Industry representatives have engaged with the White House, suggesting a focus on restricting exports of ore and scrap metal instead of imposing tariffs on imports, in line with concerns from leading metals companies.

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