“Today we are imposing tariffs on copper,” Trump said at a Cabinet meeting at the White House on July 8. He did not say exactly when the tariffs would take effect.

In an interview with CNBC on the same day , US Commerce Secretary Howard Lutnick said the new tariffs on imported copper could be applied in late July or August 1.

Mr Trump’s decision to impose copper tariffs surprised markets because it came earlier and was higher than the industry had expected. Copper futures on the US Comex exchange jumped more than 12% to a record high of $12,330 a tonne. Shares of copper miner Freeport-McMoRan rose 5% as investors expected domestic producers to benefit from the new tariffs.

Copper is the third most consumed metal in the world, after iron and aluminum. The United States currently imports nearly half of its copper, according to data from the U.S. Geological Survey. The countries most affected by the copper tariffs are Chile, Canada and Mexico.

In late February, Trump ordered an investigation into possible new tariffs on copper imports, citing national security concerns. The deadline for the investigation was November, but Commerce Secretary Howard Lutnick told CNBC's "Power Lunch" that the investigation was complete.

“The goal is to bring copper production back to the United States,” Lutnick said, noting that Trump’s move would put the copper tariffs on par with tariffs on steel and aluminum imports, which were raised to 50% in early June.

Ole Hansen, head of commodity strategy at Saxo Bank, said a 50% tariff would hit US companies using copper hard, as the country is still years away from being able to meet its own domestic demand.

"The US has imported a year's worth of copper in just the past six months, so domestic stocks are quite ample. I think copper prices will correct lower after the initial spike," Hansen predicted.

Also at the cabinet meeting, President Trump announced that he would soon announce "very, very high, about 200%" tariffs on imported pharmaceuticals. Pharmaceutical companies will have a year and a half to start manufacturing in the US, before the new tariffs are applied.

(Nguồn: Vnexpress)

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