The problem with Trump’s plan to tax copper is that the U.S. isn’t self-sufficient in copper
July 9, 2025
Trump slaps 25% tariffs on Japan and South Korea—and Wall Street stumbles
BY JIM EDWARDS AND FORTUNE INTELLIGENCE
July 7, 2025
While the cost of copper is going up for American businesses and consumers, the rest of the world is scratching its head while it enjoys a considerable discount on the price of copper.
The problem with Trump’s plan to tax copper is that the U.S. isn’t self-sufficient in copper
July 9, 2025
Trump slaps 25% tariffs on Japan and South Korea—and Wall Street stumbles
BY JIM EDWARDS AND FORTUNE INTELLIGENCE
July 7, 2025

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

The Trump administration says that the tariffs on metals imports are aimed at boosting domestic industries and addressing "trade…

The president’s hype doesn’t hold the heat, they argued.

The US imports roughly half of copper needs each year, used in construction, transportation and electronics.

The president wants to use tariffs to revive the US copper industry. But American dealers are still sending shiploads of metal to…

"Copper is the second most used material," the US leader stressed

Trump set to announce 50 percent tariff on copper