President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Nvidia scores the first $4 trillion market cap milestone, lifting the Nasdaq to a record.

Billionaire mining entrepreneur Robert Friedland welcomed US President Donald Trump’s vow to impose a 50 per cent tariff on copper imports, arguing that domestic production of the metal was “fundamental to America’s national security”.

President Trump's threatened 50% copper tariffs have boosted prices for the metal in the U.S. far ahead of anywhere else, lifting the premium to roughly one quarter. Copper futures mainly trad

Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump's higher than expected 50% tariff on imported copper takes effect.

Carlos Gutierrez, former Commerce Secretary, told CNBC’s Emily Tan on “The China Connection” that the U.S. reliance on copper imports is a “vulnerability, but [the U.S. doesn’t] have the capacity right now to offset imports.

U.S. copper prices vaulted to an all-time high after President Trump said Washington will slap imports of the metal with a 50% tax.Front-month futures contracts jumped 13% Tuesday, the largest single-day price surge in records going back to 1968,

Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.

As U.S. prices remain elevated despite larger-than-usual inventories, the gap in U.S. Comex futures over those on the LME has fluctuated between $500 and $1,500 since Trump announced a probe into copper in February. Historically, that rate has been near-zero, and was around the $150 level in 2024.