Trump ordered an earlier investigation into possible tariffs on copper imports, arguing global competitors could pose a threat to national security and economic stability.

President Trump told a group of reporters that a 50% tariff on all copper imports was imminent. The following day, using his Truth Social platform, the president confirmed that the tariff would be imposed starting on August 1 and that he was acting on a US Department of Commerce report: I am announcing a 50% TARIFF on Copper,

Last year, there were almost 4,000 thefts from logistics operations involving copper in the U.S. and Canada, and that number is on track to go higher this year, the Journal reported based on data tracked by Verisk NetCargo, a risk management company.

Trump announced a 50% tariff on copper imports Tuesday, triggering a jump in U.S. copper prices that could cause an increase in metal theft.

While the recent surge in copper prices has primarily been driven by tariff anxiety, other factors have also underpinned copper’s rise over the past year.

Financial advisors weigh in on the surge in copper prices in the wake of President Trump's tariff announcement.