🔴 Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel
In the last several days, President Trump has issued tariffs on over 14 countries, but his latest tariff is not on a country but rather copper.
In a late-night Truth Social Post, President Trump announced he will put a 50% tariff on copper.
Trump noted in his post that he enacted the tariff after receiving a National Security Assessment.
Read Trump’s full post below:
I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many.
Copper is the second most used material by the Department of Defense! Why did our foolish (and SLEEPY!) “Leaders” decimate this important Industry? This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity. America will, once again, build a DOMINANT Copper Industry.
THIS IS, AFTER ALL, OUR GOLDEN AGE!
President Trump announces a 50% tariff on copper, effective August 1st pic.twitter.com/VEED42jeXz
— Chief Nerd (@TheChiefNerd) July 10, 2025
CNBC filled in the details on Trump’s copper tariffs:
U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.
Trump wrote on Truth Social that he made the decision after receiving a national security assessment.
Copper is the third-most-consumed metal, behind iron and aluminum. The U.S. imports nearly half of the copper it uses, most of which comes from Chile, according to data from the U.S. Geological Survey.
Trump in late February ordered a probe into potential new tariffs on copper imports on national security grounds.
In recent years, the price of copper has risen so high that the U.S. government loses millions of dollars each year on its production.
The problem has gotten so bad that the Trump administration announced earlier in the year that the U.S. will no longer make pennies.
President Trump has ordered a stop to penny production. Good!
I covered the stupidity of government losing money to make pennies years ago: pic.twitter.com/GreLFnVU7e
— John Stossel (@JohnStossel) February 10, 2025
Read more about it here:
Trump Admin Will Stop Making Pennies, Here’s What Will Happen To Them Next