President Donald Trump has unveiled plans to impose a 50 percent tariff on copper.
“Today, we’re doing copper,” Trump said at a July 8 Cabinet meeting in front of reporters. “I believe the tariff on copper, we’re going to make it 50 percent.”
The president stopped short of providing specifics, such as the exact date the tariff would take effect.
Speaking to CNBC’s “Power Lunch,” Commerce Secretary Howard Lutnick said the president’s tariff will likely take effect at the end of July, or on Aug. 1. He said that the purpose of the new tariff is to increase domestic copper production….
Trump Says He’ll Set 50 Percent Tariff on Copper
