US president Donald Trump says 50% copper tariff to take effect August 1

U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a national security assessment.

"Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many," Trump said in a post on Truth Social.

Trump signaled on Tuesday that he was imposing fresh tariffs on copper, sending U.S. Comex copper futures to record highs.

Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries.

Here is a list of targeted tariffs he has implemented or threatened to put in place.

PRODUCT TARIFFS IN EFFECT

Steel and aluminum - 50%
Autos and auto parts - 25%

PRODUCT TARIFFS - THREATENED

Copper - 50%
Pharmaceuticals - up to 200%
Semiconductors - 25% or higher
Movies - 100%
Timber and lumber
Critical minerals
Aircraft, engines and parts

COUNTRY TARIFFS IN EFFECT

Canada - 10% on energy products, 25% for other products not covered by the U.S.-Canada-Mexico Agreement
Mexico - 25% for products not covered by USMCA China - 30%, with additional tariffs on some products
United Kingdom - 10%, with some auto and metal imports exempt from higher global rates
Vietnam - 20% for some products, 40% on transshipments from third countries

COUNTRY TARIFFS THREATENED TO TAKE EFFECT AUGUST 1
Algeria 30%
Bangladesh 35%
Bosnia and Herzegovina 30%
Brunei 25%
Cambodia 36%
Indonesia 32%
Iraq 30%
Japan 25%
Kazakhstan 25%
Laos 40%
Libya 30%
Malaysia 25%
Moldova 25%
Myanmar 40%
Philippines 20%
Serbia 35%
Sri Lanka 30%
South Africa 30%
South Korea 25%
Thailand 36%
Tunisia 25%