President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance.

US President Donald Trump has announced that all imports from Canada will have a 35% tariff as of August 1. He sent a letter to the country’s president, Mark Carney, informing him of the new rate, which has also been posted on his Truth Social account.

U.S. President Donald Trump's 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system.

President says Canada’s tariff retaliation, lack of progress on curbing fentanyl smuggling is behind new import penalty

The move injects fresh turmoil into a strained bilateral relationship as Prime Minister Mark Carney negotiates a new economic partnership with the United States.

Goldman Sachs said on Wednesday that copper shipments into the United States are expected to accelerate in the coming weeks following U.S. President Donald Trump's announcement of a 50% tariff on imported copper.

President Donald Trump on Monday began sending letters to dozens of countries around the world, informing them of what tariff rate imports from their countries to the U.S. will face

"This is yet another escalation in Trump's trade war that puts Canadian jobs and entire industries at risk," said Marty Warren, USW National Director. "Copper is critical to Canada's economy, from mining and smelting to manufacturing,