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- Trump says he will impose 50% tariff on copper imports on Tuesday</p>
<p>Andrea Shalal and Jarrett RenshawJuly 9, 2025 at 2:29 AM</p>
<p>By Andrea Shalal and Jarrett Renshaw</p>
<p>WASHINGTON (Reuters) -President Donald Trump said he will announce a 50% tariff on imported copper on Tuesday, an effort to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.</p>
<p>U.S. Comex copper futures jumped more than 10% after the announcement.</p>
<p>Trump told reporters at a White House cabinet meeting that he planned to make the copper tariff announcement later in the day but he did not say when the tariff would take effect.</p>
<p>The Trump administration announced a so-called Section 232 investigation into U.S. imports of the red metal in February. The deadline for the investigation to conclude is in November.</p>
<p>The National Mining Association and the American Critical Minerals Association did not immediately respond to requests for comment.</p>
<p>Freeport-McMoRan, the largest U.S. copper producer, did not immediately respond to request for comment.</p>
<p>(Reporting By Andrea Shalal and Jarrett Renshaw; Editing by Franklin Paul and Cynthia Osterman)</p>
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