Trump to Impose Copper Tariffs to Revive Domestic Production, Lutnick Says

5Mind. The Meme Platform
The Epoch Times Header

Commerce secretary said the copper-related tariffs will be imposed for national security reasons.

President Donald Trump intends to impose tariffs on copper imports, according to Commerce Secretary Howard Lutnick, who said that Trump’s trade policy plan for industrial metals—including aluminum and steel—is to build a strong domestic production capability as part of his vision for a “great, great America.”

Lutnick told Fox News on March 12 that nothing will stop Trump’s expanded 25 percent tariffs on aluminum and steel, which the commerce secretary said must be made in the United States for national security reasons, along with semiconductors and pharmaceuticals.

“We can’t be in a war and rely on steel and aluminum from some other country. I mean, it’s just not reasonable,” Lutnick said. “So the president wants steel and aluminum in America, and let me be clear, nothing is going to stop that until we’ve got a big, strong domestic steel and aluminum capability. And by the way, he’s going to add copper to that mix too.”

In late February, Trump directed Lutnick to initiate a Section 232 national security investigation to assess the potential need for tariffs on copper imports, the same legal authority used for steel and aluminum duties.

“Copper is a critical material essential to the national security, economic strength, and industrial resilience of the United States,” Trump wrote in a Feb. 25 executive order.

China now controls more than 50 percent of global copper smelting capacity and holds four of the top five biggest refining facilities, according to a White House fact sheet. At the same time, America’s dependence on copper imports has risen from nearly zero in 1991 to 45 percent of total consumption in 2024, increasing supply chain security risks.

“This dominance, coupled with global overcapacity and a single producer’s control of world supply chains, poses a direct threat to United States national security and economic stability,” Trump stated in the order, referring to Chinese dominance of copper supply.

Trump’s order directed Lutnick—in consultation with the Secretary of Defense, the Secretary of Interior, and the Secretary of Energy—to evaluate the national security risks associated with copper import dependency, and consider whether tariffs are appropriate.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

 ‘Quality Learing’ Knucklehead

Politicians have an uncanny knack for stating the obvious, lying with sincerity and relentlessly taking credit for things in which they played no role.

The USPS is Going Broke!   

The USPS Postmaster General warned that without lifting its $15B borrowing cap, the agency could struggle to pay workers and vendors by 2027.

Comey and Morens Indicted? Color Me Skeptical

The Justice Department has announced respective prosecutions of former FBI Director and Russiagate architect James Comey and Fauci capo Peter Morens.

Questions Remain After the WHCD Assassination Attempt   

Americans have a hunger to know and understand what happened during the White House Correspondents Dinner (WHCD) assassination attempt.

Direct Election of U.S. Senators: Reform or Mistake?

The direct election of U.S. Senators diminished federalism, stripped states of checking federal power and greatly expanded federal power.

Top Election Forecasters Identify 7 Democratic-Held Seats at Risk After Supreme Court Ruling

Election forecasters flagged seven Southern Democratic House seats as GOP targets after a major Supreme Court ruling on racial gerrymandering.

Anticipated Tariff Refunds Lift Automakers’ Quarterly Results

Ford, GM, and Stellantis reported hundreds of millions to more than $1 billion in expected reimbursements from the federal government.

Top US General Signals Russia Is Helping Iran in War

The highest-ranking U.S. general on Thursday signaled that the Russian government is assisting the Iranian regime in its war with the United States.

King Charles, Queen Camilla Greeted by President Trump, First Lady

President Donald Trump and First Lady Melania Trump welcomed King Charles III and Queen Camilla of the UK at the South Porticos of the White House on April 27.

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.
spot_img

Related Articles

Popular Categories

MAGA Business Central