Trump's 50% tariffs on copper could end up hurting US industry: GTRI

President Trump's imposition of a 50% tariff on semi-finished copper imports, effective August 1, 2025, aims to bolster national security by reducing reliance on foreign copper. However, the Global Trade Research Initiative (GTRI) warns that this move could harm US industries like EV, power grids, and defense, potentially slowing production and raising prices.