Fact Check: Trump pledges 50% tariff on copper imports

Fact Check: Trump Pledges 50% Tariff on Copper Imports

What We Know

On July 8, 2025, President Donald Trump announced his intention to impose a 50% tariff on all copper imports into the United States. This declaration was made during a Cabinet meeting, where Trump stated, “Today we’re doing copper,” and expressed his belief that the tariff rate would be set at 50% (CNN). Following his announcement, U.S. Commerce Secretary Howard Lutnick confirmed that the copper tariff would take effect in late July or early August (The New York Times).

The U.S. imports a significant amount of copper, with approximately 40% of its consumption coming from foreign sources, primarily from Chile (The New York Times). The announcement led to a surge in copper prices, with futures in New York hitting record highs, reflecting market reactions to the impending tariff (Reuters).

Analysis

The claim that Trump has pledged a 50% tariff on copper imports is substantiated by multiple credible sources. Trump's statement was reported by major news outlets, including CNN and Reuters, which confirmed his announcement and the subsequent market reaction (CNN, Reuters). The timing of the tariff's implementation, as mentioned by Commerce Secretary Lutnick, adds further credibility to the claim, indicating that the administration is moving forward with this policy.

However, it is important to note that while Trump has announced the tariff, the actual implementation timeline remains somewhat vague, with specific details yet to be clarified by the White House (CNN). The potential economic implications of such a tariff are significant, as analysts have warned that it could lead to increased costs for consumers and producers in the U.S. market (The New York Times).

The sources reporting on this announcement are generally reliable, with established credibility in political and economic reporting. The New York Times and CNN are well-regarded news organizations, while Reuters is known for its factual reporting. However, as with any political announcement, the actual impact and execution of the tariff may evolve over time, which could affect the initial interpretations of its significance.

Conclusion

Verdict: True
The claim that Trump has pledged a 50% tariff on copper imports is true, as confirmed by multiple reputable sources. His announcement has been widely reported and is backed by statements from officials within his administration. The potential economic ramifications of this tariff are still unfolding, but the commitment to implement it is clear.

Fact Check: Trump pledges 50% tariff on copper imports