Trump adding copper to trade protections, Commerce secretary says

President Donald Trump directed Commerce Secretary Howard Lutnick to investigate a 25% tariff on copper imports, labeling copper a national security priority on February 25. The U.S. currently imports approximately 45% of its copper consumption, making the potential tariff significant for industries relying on copper.

Copper prices surged by 5% following Trump’s announcement, reportedly reflecting market volatility and rising global inventory levels. Trump’s actions follow previous aluminum and steel tariffs, with the intention to strengthen America’s industrial base amidst international trade pressures and economic uncertainties.