The Commerce Department will investigate imposing tariffs on global copper imports to the U.S., White House officials said Tuesday, the first step toward likely levying duties on the metal. Commerce will open the investigation under Section 232 of the Trade Expansion Act,
President Donald Trump signed two executive orders on Tuesday, focusing on price transparency requirements in the health care industry and examining the supply of copper in the American market. More than a month into his second administration,
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"American industries depend on copper, and it should be made in America, no exemptions, no exceptions," Commerce Secretary Howard Lutnick said.
Another industrial metal is in the spotlight, once again due to President Trump. Copper prices are rallying after Trump instructed the Commerce Department to investigate imposing tariffs on imports of the metal.
President Donald Trump on Tuesday directed the government to consider possible tariffs on copper, the latest move by the White House to tax a wide array of imports and reshape global trade. “It will have a big impact,
US President Donald Trump has ordered an investigation of copper imports in what is a first step toward potential tariffs on the metal. Administration officials said the White House wanted to find ways to boost US production of copper,
President Trump ordered Commerce to study whether tariffs are needed to reduce the U.S. reliance upon imported copper, needed for military equipment, data centers and electric vehicles.
Tariffs, if they are imposed, could boost U.S. production of a valuable resource but also raise costs for automakers, construction companies and others.
The U.S. mined about 1.1 million tons of copper in 2024, which is less than the demand in a year. Some of that copper is refined overseas.
An executive order calls for boosting the domestic industry by investigating the national security implications of imports and weighing tariffs.