7 May | Other

US authorities to decide on copper tariffs in coming weeks — Bloomberg

US authorities to decide on copper tariffs in coming weeks — Bloomberg

In February, US President Donald Trump directed the Commerce Department to investigate potential tariffs on copper imports under Section 232 of the Trade Expansion Act. The President gave the department 270 days to complete its review. According to experts interviewed by Bloomberg, the findings are expected to be released in the coming weeks.

Donald Trump has threatened to impose 25% tariffs on all US copper imports, a move that could distort the global copper market. While designed to protect domestic producers, these duties would force American companies to pay more for copper than their foreign competitors, according to the agency's analysis.

Industry representatives have submitted public comments to the US Department of Commerce. According to the report, copper product manufacturers support import tariffs, arguing they will help boost domestic production.

However, in its official comments, the Copper Producers Association (CPA) urged the US government to exclude both refined copper and copper scrap from any new duties.

Elena Dorokhina MarketCheese
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