U.S. President Donald Trump has launched a bold move in global trade by imposing a 50% tariff on copper and Brazilian imports, set to take effect on August 1, 2025. This high-impact measure is part of his wider trade offensive aimed at bolstering national security and reshaping the global metals market.
Speaking on his Truth Social platform, Trump declared, "I am announcing a 50 percent TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT." He highlighted the critical role copper plays in modern technology and defense—from semiconductors and data centers to aircraft, ships, radar systems, and even hypersonic weapons. ⚙️
Nearly half of the copper used in the U.S. is imported, largely from Chile, which underscores the country’s reliance on external supply chains. In addition to the copper measures, tariff letters have been issued to seven other countries, marking a broader effort to pivot towards a more dominant domestic copper industry.
For young professionals, business enthusiasts, and tech fans, this move could signal significant changes in global markets and supply chains. As the trade landscape adjusts, many will be watching eagerly to see how these tariffs influence everything from innovation to everyday market prices.
Reference(s):
cgtn.com
