Neither side has released documentation of the tariff terms, raising questions about whether they did, in fact, reach an agreement.

London copper prices fell as markets digest Trump’s larger-than-expected 50% tariff on copper imports. BMI expects the tariff to be reversed at some point.

In 2024, the U.S. imported almost half of the copper it used, according to a December 2024 U.S. geological survey. Most of the imported copper came from Chile, the survey found. “This 50% TARIFF will reverse the Biden administration’s thoughtless behavior,