Trump orders 50% tariff on copper imports

Investing.com -- U.S. President Donald Trump signed a proclamation on Wednesday ordering tariffs on copper imports, citing national security concerns.

The White House announced that the new measure will impose a 50% tariff on semi-finished copper products and copper-intensive derivative products.

The tariffs are set to take effect on August 1, according to a fact sheet released by the White House.

You May Also Be Interested In

• Equity risk premium falls to 2002 levels. What it means for stocks
• US consumer sentiment deteriorates in September, inflation expectations rise
• JPMorgan downgrades Chewy as macro headwinds curb growth