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Copper wires at a recycling facility in Salt Lake City, Utah, US, on Thursday, May 8, 2025.
Niki Chan Wylie | Bloomberg | Getty Images
U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.
Trump wrote on Truth Social that he made the decision after receiving a national security assessment.
Copper is the third-most-consumed metal, behind iron and aluminum. The U.S. imports nearly half of the copper it uses, most of which comes from Chile, according to data from the U.S. Geological Survey.
Trump in late February ordered a probe into potential new tariffs on copper imports on national security grounds.
— CNBC's Kevin Breuninger contributed to this report.
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