U.S. President Donald Trump announced plans to impose a 50% tariff on imported copper during a cabinet meeting at the White House. This decision follows the initiation of a Section 232 investigation in February, which evaluates the national security implications of copper imports. Notably, Canada plays a significant role as an exporter of copper to the United States. Additionally, Trump has communicated tariff plans to various governments, with an implementation date set for August 1.
Today, we're doing copper. I believe the tariff on copper, we're going to make it 50 per cent.
The Trump administration announced a Section 232 investigation into U.S. imports of the metal in February, looking at national security impacts.
Canada is a major exporter of copper to the U.S. and must navigate the implications of these tariffs.
Trump sent letters to governments outlining the tariffs to be imposed on August 1, including those on Japan, South Korea, and South Africa.
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