President Trump imposes 50% tariff on copper imports, effective Aug 1, citing national security.

US President Donald Trump imposed a 50% tariff on certain copper imports, effective August 1, citing national security. The tariffs apply to semi-finished copper products and copper-intensive derivative products but exclude copper scrap and input materials like ores and concentrates. This move aims to support the domestic copper industry, though it may not significantly impact US copper miners. The announcement caused a 20% drop in US copper futures.