The post Trump Proposes 50% Tariff on Copper Imports for National Security appeared on BitcoinEthereumNews.com.

Key Points: Trump announces 50% tariff on copper imports. The move targets national security and job creation. Global metals markets may face increased pricing volatility. Former U.S. President Donald Trump announced a 50% tariff on copper imports during a Cabinet meeting on July 8, 2025, citing national security needs. The move follows a Section 232 investigation launched earlier in the year. Under a Section 232 investigation, Trump cited the strategic importance of copper for sectors like electronics and infrastructure as a rationale for the tariff. U.S. Commerce Secretary Raimondo additionally noted expanded trade dialogues, expressing intent to send 15 to 20 trade letters imminently. Trump’s Copper Tariff Sparks Global Metals Market Volatility Today we’re doing copper … I believed the rate will be 50%. — Donald Trump, Former and Current U.S. President source Price volatility is anticipated in global metals markets. U.S. copper producers like Freeport-McMoRan could see increased demand, possibly shifting market dynamics. Historically, similar tariffs have faced opposition, highlighting potential import costs over domestic benefits. Market reactions to the proposal have been mixed. While U.S.-based producers may benefit, international entities like Rio Tinto may encounter challenges. Notably, no primary-sourced comments have been located from major stakeholders within the cryptocurrency or commodity-tokenization platforms regarding this development. Historical Context, Price Data, and Expert Analysis Did you know? Trump’s 2018 steel and aluminum tariffs drew major international backlash, with several legal challenges threatening their continuity. Bitcoin is currently priced at $109,100.96 with a market cap nearing $2.17 trillion, according to CoinMarketCap. The cryptocurrency maintains market dominance at 64.28%, recording a 32.24% rise over 90 days. Trading volume stands at $43.52 billion, up 64.67% in the last 24 hours. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:20 UTC on July 8, 2025. Source: CoinMarketCap Insights from Coincu research suggest that if copper…

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Filed under: News - @ July 8, 2025 10:23 pm