US unveils details for 50% copper tariff

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According to an executive order signed by President Donald Trump on Wednesday, the United States will install 50 % tariffs on copper imports from August 1.

This task is applied to all the imports of semi -finished copper products and compact copper derived products and on any other applicable tariff, according to the order. However, cars and parts that are subject to copper tariffs are instead covered by 25 % of Trump’s car’s tasks.

The order also calls for the Minister of Commerce of Howard Luthenik to consider additional copper goods in the next 90 days. In addition, the United States intends to cooperate with the United Kingdom with an agreement on copper trade, with a framework agreement between the two countries.

Trump decided to install copper taxes after receiving the results of Section 232 of the Business Secretary on June 30. Similar research 232 has served as a leader in US tariffs, such as 50 % of tasks that are currently in steel imports. The report said that the United States is “too reliable” to import copper and, according to the order, creates a risk of national security and requires measures such as tariffs.

As part of the report, the business secretary recommended that the additional tariffs be carried out by 2028, including 15 % tariffs on refined copper from 2027 and 30 % starting from 2028. The order also requests the Minister of Commerce to report on the status of the domestic copper industry that can be evaluated whether TATIRFS is required.

The Trading Secretary also recommended the implementation of 25 % of domestic sales requirements for copper and waste inputs as well as export controls. The order accuses the Minister of Commerce of “appropriate action” to install domestic sales requirements, although it is not yet clear that such regulations will be approved.

Trump for the first time announced that it plans to impose 50 % tariff on copper imports in a social post in a social post this month. The President, days before new tariffs at a cabinet meeting, as well as showing that the drug tariffs are “very early”.

Chile and Canada were exporters of copper in the United States last year and produced more than $ 10 billion in a combination of US International Trade Commission’s data produced by the supply chain.