Weldaloy Specialty Forgings reposted this
Just announced: President Trump has officially imposed tariffs on imports of certain downstream copper products following the Administration’s Section 232 investigation into the national security risks of foreign copper dependency. Upon initial review, the Copper Development Association (CDA) believes these new trade protections, which appear to be highly aligned with the recommendations submitted on behalf of CDA's fabricator members, will supercharge domestic production. While a thorough review of the forthcoming details will be important to understand the impacts, here’s what we know so far: - 50% tariffs on imported semi-finished copper products (pipes, wires, rods, tubes, etc.) and copper-intensive derivatives (fittings, cables, components). - No tariffs on upstream input materials such as copper ores, cathodes, anodes, and scrap. - Targeted export controls prioritizing U.S. sales of domestically produced copper scrap and input materials. - Measures take effect August 1, more details to follow in the FRN. The 232 report confirms – copper is critical to U.S. defense, manufacturing, and energy leadership. The new protections are a powerful step toward securing a resilient domestic copper supply chain. CDA and its members stand ready to support implementation and help unleash American copper! #CopperIsCritical #Section232 #USManufacturing #NationalSecurity #MadeInUSA #EnergyTransition Fact Sheet: https://lnkd.in/g-fkkAw8 Proclamation: https://lnkd.in/exT9KAJx