President Donald Trump said his 50% tariff on copper imports will take effect on Aug. 1, noting he made the decision after a national security assessment.

Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.

Metals are the latest market upended by President Donald Trump after he confirmed long-touted plans to impose a 50% import tariff on copper from August. “America will, once again, build a DOMINANT Copper Industry,

U.S. President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a bid to promote domestic development of an industry critical to defense, electronics and automobiles.

Trump's top trade negotiators have pushed deadlines and sent tariff letters after failing to reach Trump's 90 trade deals in 90 days target.

As part of President Donald Trump’s “Liberation Day” efforts, Vietnamese businesses importing American goods will not have to pay taxes to import these goods. On the other hand, American businesses importing Vietnamese goods will have to pay taxes of 20% to 40%.

President Donald Trump said “no extensions will be granted” to his Aug. 1 tariff deadline in a Tuesday social media post, the latest bit of uncertainty over when his tariffs will go into effect. “There has been no change to this date,