WASHINGTON (Reuters) -U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a 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,” Trump said in a post on Truth Social.
Trump signaled on Tuesday that he was imposing fresh tariffs on copper, sending U.S. Comex copper futures to record highs.
(Reporting by Kanishka Singh and Jarrett Renshaw; Editing by Sandra Maler and Sonali Paul)
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