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Copper pipes are displayed in the house restoration store on July 9, 2025 in New York.
Spencer Plath | Gets the image
President Donald Trump Wednesday is signed to order by imposing a universal tariff by 50% copper Imports, the last metal to which it is aimed at the steep import tax.
US copper prices decreased by 18% after an hour as soon as the White House announced a new tariff rate. Copper miners Freeport-McMoran and South copper About 10% or more than 6% decreased.
The sale, when it goes through the trading session on Thursday, will mark the largest one -day metal decrease since 1989.
New, higher copper tariffs come into force on Friday, reports Fict released by a white home.
Trump’s administration states that new duties that arise on 50% of the US tariffs have already been imposed on steel and aluminum, aimed at raising the internal industry and the solution of the “trade imbalance”.
But experts warn that they can increase prices On all kinds of products, from building materials to electronics that use universal metal.
And other tariffs characteristic of Trump, and permanent trade investigations that focus on imported cars, lumber and pharmaceutical Tax Fund.
Copper-third in terms of metal consumed, for iron and aluminum. US imports almost half the copper it uses, most of which come from chili, according to data US Geological Service.
This is conducting the news. Please check the updates.
. Spencer Kimball CNBC made his contribution to this report.
