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Trump Announces Inquiry That Could Lead to Tariffs on Copper
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Trump directs investigation preceding potential copper tariffs
Trump launches review that could lead to copper tariffs
The White House suggested Tuesday there is a strong case for copper import protections because the metal is an essential component of military hardware.
U.S. President Donald Trump on Tuesday ordered a probe into possible tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods.
1don MSN
"American industries depend on copper, and it should be made in America, no exemptions, no exceptions," Commerce Secretary Howard Lutnick said.
A Trump administration investigation into copper imports has led to an after-hours rise of 20 cents per pound in Comex copper’s value.
Trade protections are needed to develop domestic copper smelting and refining capacity, White House source tell Reuters.
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