The U.S. Government Imposes a Tariff on the Import of Copper Products

• The imposition of a 50% tariff on imports of copper products will begin on September 1.
• Prices for copper have fallen by 20% following the announcement of the tariff.
• The tariff excludes copper waste, which is used in the mining industry.

On July 30, 2025, U.S. President Donald Trump signed an order that provides for the introduction of a 50% tariff on the import of copper products. This decision will take effect on September 1. The tariff will target tubes, pipes, and other copper products, as well as products where copper is a key element, such as cables and electrical components.

The document, published by the White House, indicates that the tariff is aimed at supporting the American copper industry, which has been under pressure due to high levels of imported products. Trump noted that copper imports pose a threat to national security, as copper is an important element for defense systems.

Following the announcement of the new tariff, copper prices on the Comex exchange fell by 20%, indicating a significant impact of this decision on the market. According to analysts' projections, the company Freeport-McMoRan is likely to be the most affected, along with other mining companies that are developing new deposits in the U.S.

It is worth noting that the new tariff excludes copper waste and concentrates, which are key products of the mining industry. This decision could be beneficial for countries like Chile and Peru, which are major suppliers of copper to the U.S.

Tags: USA/Economy