US President Donald Trump reported that 50 percent customs duties will be applied to copper imports as of August 1st.
Trump shared his Truth Social account.
“After a solid national security assessment, I announce the 50 percent tariff for copper to be valid after August 1 after a solid national security assessment.” He said.
Trump said that copper is necessary for semiconductors, aircraft, ships, ammunition, data centers, lithium ion batteries, radar systems, missile defense systems and hypersonic weapons, stressed that this metal is the second most used material by the Ministry of Defense.
“This 50 percent tariff tariff will revers the thoughtless behavior and stupidity of the Biden management. America will once again establish a dominant copper industry. evaluated.
