Newsblog on US politics
Trump drives copper price at record high
Updated on July 8th, 2025 – 10:21 p.m.Reading time: 16 min.
Trump shocked Chile and Canada and increases the tariffs to copper imports to 50 percent. The EU continues to hope for an agreement. All developments on US politics in the news blog.
US President Donald Trump announces a 50 percent inch to copper imports and thus drives the price of the metal in the USA to a record high. He will announce the measure on Tuesday, says Trump. When the customs should come into force is initially unclear. The step is to boost domestic production.
On the US exchange Comex, the copper price rose by more than ten percent to around $ 12,330 per ton.
The US government initiated an investigation of copper imports in February to determine whether they endanger national security. A period of time was set until November. The largest copper suppliers in the United States are currently Canada and Chile.
Donald Trump does not want to postpone the deadline for new tariffs again. Trump wrote on his mouthpiece Truth: “Nothing has changed on this date, and nothing will change. In other words: All amounts are due from August 1, 2025 – an extension is not granted.” Previously, Trump had kept another shift open.
On Monday, Trump postponed the deadline for new tariffs from Wednesday (July 9) to August 1st. He signed a corresponding decree. China is excluded – there is a separate agreement with the country. He also published more than a dozen letters to several countries.
US President Donald Trump keeps a further postponement of the deadline for the introduction of tariffs against several countries and also the European Union. When asked whether the deadline for August 1, he said in the presence of journalists on Monday evening (local time): “I would say binding, but not 100 percent.” He showed himself open if the trading partners submit a proposal to him. Also in the letters sent to a number of countries in which Trump announces dialogues of dialogues, he said that the imports were “final” – but was also ready to negotiate here. “If you call with another offer and I like it, we’ll do it.”
On Monday, Trump moved the deadline for new tariffs from this Wednesday (July 9) to August 1st and published more than a dozen letters to several countries. Read more about this here.
Israel’s Prime Minister Benjamin Netanyahu has nominated US President Donald Trump for the Nobel Peace Prize. At the beginning of a dinner together in the White House, he praised Trump’s “striving for peace and security, which they cite in many countries, but now especially in the Middle East”. Trump smiths “at that moment peace, in one country, in one region after another”. Then Netanyahu Trump submitted a letter to the Nobel Prize Committee to nominate the US President for the Peace Prize.
