Yesterday at 10:15 AM | Other

US Commerce Secretary announces upcoming tariffs on copper imports

US Commerce Secretary announces upcoming tariffs on copper imports

US 25% tariffs on steel and aluminum imports will remain in place until US domestic production is strengthened. Similar measures will also apply to copper, US Commerce Secretary Howard Lutnick stated.

He also announced his willingness to hold a meeting with Ontario Premier Doug Ford after the latter takes office. They will discuss trade relations between the two countries.

According to Lutnick, steel and aluminum are among essential products that must be produced in the US for national security reasons. The same goes for copper. In late February, President Donald Trump ordered the Commerce Secretary to assess the feasibility of imposing tariffs on copper imports.

Elena Berseneva MarketCheese
Period: 21.03.2025 Expectation: 1400 pips
GBPUSD is poised for a pullback towards the trend line
Yesterday at 11:02 AM 62
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 26.03.2025 Expectation: 670 pips
Brent prices may rebound amid trade instability
Yesterday at 09:54 AM 54
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Crypto" and "Oil and gas"
Period: 31.12.2025 Expectation: 1000 pips
Buying Brent in case of price reduction to $60–65 per barrel
Yesterday at 08:48 AM 28
Period: 21.03.2025 Expectation: 544 pips
AUDCAD may rise to 0.91242 due to worsening situation in Canada
Yesterday at 08:32 AM 17
Period: 18.03.2025 Expectation: 2640 pips
Buying USDJPY within descending channel targets of 150.10
13 March 2025 96
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 20.03.2025 Expectation: 494 pips
Gas prices fall amid warm weather forecasts
13 March 2025 44
Go to forecasts