U.S. President Donald Trump onย Wednesday signed a proclamation ordering 50 per centย tariffs on certainย copper imports, citing national security, the White House said.
The proclamation imposes a 50 per centย tariff on semi-finishedย copper products and copper-intensive derivative products as ofย Aug. 1, according to a fact sheet released by the White House.
The tariffs will exclude copper scrap and copper inputย materials such as copper ores, concentrates, mattes, cathodes and anodes, the statement said.
The measure came after a U.S. investigation under Sectionย 232 thatย Trump ordered in February.
That section of U.S. trade law allows the president to impose levies on certain goods that are said to threaten “national security.”
Along with tariffs, the order calls for steps to support theย domestic copper industry, including requiring 25 per centย ofย high-quality scrap produced in the U.S. to also be sold withinย the country.
