President Donald Trump said he will put a 50% tariff on copper imports effective Aug. 1. "I am announcing a 50% tariff on copper, effective Aug. 1, 2025, after receiving a robust national security assessment,

The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries and more.

US buyers of copper will pay a high price if President Donald Trump pushes ahead with a 50% tariff on refined metal as opposed to products such as wiring, according to producers and analysts.