Adjusting Imports of Copper Into the United States
1. Purpose
Issued on July 30, 2025, Proclamation 10962 addresses the adjustment of copper imports into the United States due to national security concerns, aiming to enhance domestic production and reduce foreign dependence.
2. Key Actions And Directives
- Impose a 30% universal import duty: Implement a 30 percent tariff on semi-finished copper products.
- Phase in tariffs on refined copper: Introduce a 15 percent tariff on refined copper starting in 2027.
- Monitor copper imports: The Secretary of Commerce is required to continuously monitor copper imports and update concerning domestic market conditions.
3. Important Points
- National Security Concern: Copper imports threaten national security due to economic risks and foreign dependency.
- Control of Global Copper Supply: Over 50% of the global copper smelting capacity is controlled by one foreign country, raising security alarms.
- Tariff Implementation Timeline: The 30% import duty on semi-finished copper products takes effect on August 1, 2025.
- Copper's Economic Importance: Copper is essential for defense manufacturing and various sectors of critical infrastructure.
- Foreign Trade Zones Regulation: Copper articles in U.S. foreign trade zones must be classified as 'privileged foreign' and are subject to duties.
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