Trump Imposes 50% Tariff on Semi-Finished Copper Imports, Ends De Minimis Exemption

President Donald Trump has imposed a sweeping 50% tariff on semi-finished copper imports starting in early August, marking one of his most aggressive trade moves since returning to office. This tariff aligns with previous duties placed on metals like steel and aluminum and is aimed at addressing national security concerns related to excess copper imports weakening the U.S. economy and its domestic production capacity. Alongside copper, Trump announced a 40% tariff on Brazilian imports, citing Brazil's policies as a national security risk and criticizing the trial of former Brazilian President Jair Bolsonaro as politically motivated. The tariffs have caused immediate market reactions, including a significant drop in U.S. copper prices and fluctuations in the Brazilian real and stocks, though some Brazilian exporters like Embraer were spared full impact due to exemptions. Additionally, the White House revoked the global de minimis tariff exemption for imported packages valued under $800, a move intended to protect U.S. businesses from low-value shipments that bypass tariffs. These actions coincide with broader trade measures, including tariffs on India and a new oil and trade deal with Pakistan, reflecting a robust and multifaceted approach to U.S. trade policy under Trump's administration.