Wed Feb 26 00:41:34 UTC 2025: **Trump Launches Probe into Potential Copper Tariffs, Targeting China and Boosting Domestic Production**
WASHINGTON – President Trump announced a new investigation into potential tariffs on copper imports, escalating his trade war and aiming to bolster the American copper industry. The probe, initiated under Section 232 of the Trade Expansion Act of 1962, mirrors the steel and aluminum tariff actions taken during his first term. The White House cites concerns over China’s alleged efforts to dominate the global copper market through state subsidies and economic influence.
Commerce Secretary Howard Lutnick will lead the investigation, which will examine imports of raw copper, concentrates, alloys, scrap, and derivative products. The administration believes tariffs, rather than quotas, are the preferred method to address the perceived threat. While the investigation’s outcome—and any potential tariff rates—remains undetermined, White House officials suggest a swift conclusion is anticipated.
The move is likely to impact major copper suppliers such as Chile, Canada, and Mexico, the top three exporters to the U.S. in 2024. The administration argues that domestic copper production is essential for national security and various industries, including electric vehicles, military hardware, and semiconductors. A White House official highlighted the growing demand for copper driven by the expansion of renewable energy technologies and the increasing use of artificial intelligence. They warned of a potential future copper shortage without sufficient trade protection for the domestic sector.
This latest action underscores President Trump’s broader strategy to reshape global trade relationships and revitalize American manufacturing. The announcement comes as separate 25% tariffs on imports from Mexico and Canada remain on track for implementation on March 4th, despite ongoing negotiations to mitigate the impact.
First Piper 