U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

President Trump told a group of reporters that a 50% tariff on all copper imports was imminent. The following day, using his Truth Social platform, the president confirmed that the tariff would be imposed starting on August 1 and that he was acting on a US Department of Commerce report: I am announcing a 50% TARIFF on Copper,

Copper is needed for many items we use every day, from wiring and plumbing in our homes to appliances and electronics.

Trump’s promised 50% copper tariffs are set to include all refined metal, indicating the president’s far-reaching efforts to bolster the American production of the metal Bloomberg reported. The tariff,

Prices of copper in the US have surged since January, when President Donald Trump threatened to impose a tariff on imports of the metal that’s a vital component in power networks, plumbing and industrial machinery.

Copper is everywhere — your car, your house, your appliances. But it's about to get more expensive after President Donald Trump announced a 50% tariff on copper imports starting Aug. 1. The action could drive up costs for U.

Higher prices in America suit miners with copper assets in the country just fine. The shares of Rio Tinto and Freeport-McMoRan, an American miner which accounts for 60% of domestic copper production, have risen. For the latter, a 50% duty could result in windfall profits of $1.6bn a year, reckons Deutsche Bank, another lender.

President Donald Trump says he will put a 50% tariff on copper imports before noting the value of the versatile metal.

Explore the impact of tariffs on U.S. copper markets. Click for risks for Southern Copper Corporation in Peru, and why I suggest a long FCX/short SCCO strategy.