U.S. President Donald Trump has signed a proclamation to impose universal 50 percent tariffs on imports of some copper products starting Aug. 1.
The proclamation signed July 30 imposes a 50 percent tariff on imports of semi-finished copper products, including copper pipes, wires, rods, sheets, and tubes, as well as copper-intensive derivative products, such as pipe fittings, cables, connectors, and electrical components, according to a fact sheet published by the White House.
However, the tariffs will not impact copper input materials such as copper ores, concentrates, mattes, cathodes, and anodes, as well as copper scrap.
Earlier this month when Trump announced his plans to impose a 50 percent tariff on copper imports into the United States, there was concern that the Canadian copper industry could be significantly impacted….