Trump Announces 50% Tariff on Copper

The announcement has not been formalized, and no specific details on its implementation are known.

U.S. President Donald Trump once again shook international markets by announcing a 50% tariff on copper imports. The announcement was made during his sixth cabinet meeting since the start of his second term on January 20.

“I think we’re going to make the copper tariff 50%,” said Trump in response to a journalist’s question, without providing further details on how or when it would be implemented.

The market reaction was immediate: copper prices on the New York Futures Exchange jumped more than 10%, surpassing US$5.58 per pound. Following the announcement, investors restructured their portfolios — a move that could signal the beginning of a tougher trade policy.

So far, the announcement has not been formalized, and no specific details on its implementation are known.