Archive · 31 Jul 2025
Trump's Copper Tariff Change Triggers Price Drop in US Market
The U.S. made a change to the new tax on copper imports.
The original plan was to put a big tax on all copper, making it more expensive.
But, now, refined copper (the type used in wires) is not getting the tax.
This caused the price of copper to drop quickly.
The government is looking into possibly adding a tax on refined copper later.
The decision was welcomed by the copper industry.
Trump made an exemption to tariffs on refined copper.
The 50% tariff applies to semi-finished copper products.
US copper futures fell 20% after the announcement.
The Department of Commerce recommended a delayed imposition of tariffs on refined metal.
Codelco Chairman Maximo Pacheco stated this decision is good news.
- Who
- President Donald Trump.
- What
- Trump announced changes to copper tariffs, exempting refined copper.
- When
- Announcement on Wednesday, with tariffs taking effect Friday, August 1.
- Where
- Affects US copper imports and the global copper market.
- Why
- To address concerns of the copper industry.
- Tariff Rate on Semi-Finished Copper
- 50%
- Tariff Rate on Refined Copper
- 0%
- Copper Futures Drop
- 20%
- Target
- Semi-finished Copper Products
- Effective Date
- Friday, August 1
Sources
Five products To Be hit by Trump's Incoming Tariffs
India may have to pay 20-25% tariff: US President Donald Trump ahead of August 1 trade deadline - Telegraph India
'US Tariff Threat Of 20–25% On Indian Exports May Have Mixed Sectoral Impact,' Says Trade Expert
What do Trump's 25% tariffs mean for India?
Trouble brewing: Why a Brazilian tariff may cause coffee prices to soar
Donald Trump’s India tariff just redrew the map: Who’s winning big, who’s losing badly
Trump imposes 50% tariff on copper imports citing national security
Trump Keeps Door Open For Negotiations On India Tariffs: ‘We Will See…’
Trump ‘frustrated’ with India trade talks, says White House adviser
Trump imposes scaled-back copper tariff, US prices plunge
Trump shocks markets with scaled-back copper tariff, US prices plunge
Trump issues blitz of tariff announcements on copper, Brazil, small-value imports
'No reason to be afraid': Trump hits Brazil with 50% tariffs and sanctions judge in Bolsonaro coup trial; Lula responds