The United States will impose a 50% import tax on copper products, effective August 1.

The United States has decided to impose a 50% import tax on copper products!

The President of the United States signed an executive order, which will impose a 50% import tax on imported copper semi-finished products and copper products starting from August 1st.

"Today, the President signed an executive order aimed at eliminating the impact of copper imports on U.S. national security, including imposing an import tax on several categories of copper products. This executive order imposes a 50% general import tax on imported copper semi-finished products, such as copper tubes, wires, rods, and sheets, as well as high-copper products, such as pipe fittings, cables, connectors, and electrical components. These measures will take effect on August 1st."

The executive order also states that the U.S. Department of Commerce should take appropriate measures to support the copper industry, including requiring that 25% of high-quality copper paste produced in the U.S. must be sold domestically.

Original: https://www.toutiao.com/article/1839106957745152/

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