Commodities

Trump Says 50% Levy on Copper Imports to Take Effect Aug. 1

WATCH: US President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1. Martin Ritchie reports.Source: Bloomberg

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By Joe Deaux and Martin Ritchie

July 9, 2025 at 8:51 PM EDT

Updated on

July 10, 2025 at 7:28 AM EDT

President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.

The higher-than-expected levy was signaled by Trump in comments to reporters on Tuesday, but the president took to Truth Social late Wednesday to confirm the start date — and blamed previous administrations for the decline of America’s copper clout.