In a bold move stirring the global trade scene, U.S. President Donald Trump announced a new 50% tariff on copper imports, along with a similar duty on goods from Brazil, starting August 1, 2025. According to his post on Truth Social, this sharp measure follows what he described as a robust NATIONAL SECURITY ASSESSMENT. 🚀
Touted as a strategy to reignite a dominant copper industry, the decision underscores copper’s key role in modern technology and defense. Often cited as the second most used material by the Department of Defense, copper is essential for everything from semiconductors, aircraft, and ships to data centers, lithium-ion batteries, and missile defense systems.
Interestingly, nearly half of the copper used in the U.S. is imported – largely from Chile. With additional tariff letters sent out to seven other countries, this move clearly aims to recalibrate global trade dynamics and bolster domestic production. 🌐
As market watchers and tech enthusiasts keep an eye on these developments, questions arise about the impact on global supply chains, pricing, and future trade policies. Stay tuned for more insights as this story unfolds!
Reference(s):
cgtn.com
