- Imposition of 50% Tariffs: On 30 June 2025, President Trump signed a Proclamation imposing 50% tariffs on imports of semi-finished copper products and copper-intensive derivative products, effective from 1 August 2025, specifically targeting the copper content of these items.
- Scope and Exclusions: The tariffs apply to products like copper pipes, wires, and electrical components, while exempting copper ores, concentrates, and scrap, with a process established for potentially including more copper derivative products in the future.
- Business Considerations: Affected companies should assess the impact of these tariffs on their imports and pricing, evaluate their supply chains for disruptions, and consult trade advisors to ensure compliance with the new tariff structures.
Source EY
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