Trump Announces 50% Tariff on U.S. Copper Imports

U.S. President Donald Trump announced a 50% tariff on copper imports starting August 1, 2025, affecting key suppliers from Chile, Canada, Peru, and Mexico.

This measure aims to enhance U.S. copper production, impacting the $17 billion import market. Effects on cross-border supply chains are anticipated.

Trump’s Copper Tariff Targets $17 Billion Import Market

President Donald Trump declared a 50% tariff on copper during a cabinet meeting on July 8, 2025. Commerce Secretary Howard Lutnick noted on CNBC the objective to “bring copper home” and reinforce domestic production.

The tariff, affecting $17 billion in copper imports, primarily targets suppliers like Chile, Canada, and Mexico. Its introduction aims to augment U.S. copper production, yet provokes concerns over disrupted cross-border supply chains.

Donald Trump, President, United States, – “Today, we’re doing copper. I believe the tariff on copper, we’re going to make it 50%.” CBS4 Local

Historical Tariffs and Potential Impact on Tech Costs

Did you know? Following previously imposed tariffs on steel and aluminum, this copper tariff aligns with past U.S. protectionist strategies. Historical tariffs often instigate short-term price spikes and market volatility in related sectors.

According to CoinMarketCap, as of July 10, 2025, Ethereum is priced at $2,763.13, with a market cap of $333.56 billion. Ethereum’s recent 24-hour trading volume reached $27.58 billion, experiencing a 70.45% change. Over the past 90 days, Ethereum saw an 82.91% price increase.

Coincu research suggests: The copper tariff could lead to increased hardware costs, influencing sectors reliant on mining infrastructure. Historical trends suggest temporary input cost hikes, influencing broader market sentiment.