Trump sets Aug 1 start for 50% copper tariff on security
Trump confirmed a 50% copper import tariff effective Aug. 1, citing national security. The move aims to boost U.S. copper production, reversing Biden-era "stupidity." Copper futures rose, with traders rushing to ship their cargos to U.S. ports before the deadline. Freeport shares dipped then recovered; retail sentiment on copper stocks like FCX and ERO remains extremely bullish.