President Donald Trump said he will put a 50% tariff on copper imports effective Aug. 1. "I am announcing a 50% tariff on copper, effective Aug. 1, 2025, after receiving a robust national security assessment,

The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries and more.

Chilean copper miner Antofagasta sees opportunity for its stalled copper project in the U.S. following President Donald Trump's move to impose 50% import tariffs on the metal, CEO Ivan Arriagada said on Thursday.