When Trump announced this, the price of copper went up a lot because people think it will be harder to buy copper from other countries. Some companies that mine copper in the U.S. are expected to do better because of this change.
The U.S. used to get about half of its copper from other countries, especially Chile. The government checked to see if importing copper was a security risk and decided to start making it more expensive to bring in from outside so more can be made at home.
This new copper tax might make things more expensive for lots of products, like electric cars, home wiring, phones, computers, and military gear, because all these things use copper. So, prices might go up, or some projects might take longer to finish.
Trump also said there might be other big taxes coming soon, like one that could make medicine imports twice as expensive, but companies might have up to a year and a half to start making medicines in the U.S.
President Donald Trump said that starting soon, the U.S. will put a big tax—50%—on copper that comes from other countries. This is to encourage companies to make more copper inside the U.S. instead of importing it. Copper is very important because it helps make electric cars, power lines, phones, computers, and even some military equipment work.
