Trump plans to impose high tariffs on copper, and American media warns: Nearly half of US factories rely on imported copper, the impact will be "particularly heavy"

date
09/07/2025
According to Bloomberg News on the 8th local time, the news that President Trump plans to impose a 50% tariff on all imported copper has led to a significant increase in costs for American factories. On that day, the price of copper futures in New York was 25% higher than the global benchmark price. Bloomberg News analysis said that the US government's move will have a "particularly heavy" impact on American factories, as nearly half of US factory copper purchases rely on overseas suppliers. American copper purchasers had previously warned that imposing tariffs would bring long-term risks and believed that this was contrary to Trump's goal of "reviving American manufacturing".