President Donald Trump signed a proclamation of 50% of prices on certain copper imports on Wednesday, citing national security, said the White House.
The proclamation imposes a rate of 50% on semi-finished copper products and derivatives with high copper intensity on August 1, according to an information sheet published by the White House.
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The prices will exclude copper scrap and copper entry materials such as copper ores, concentrates, mattes, cathodes and anodes, according to the press release.
The measurement intervened after an American investigation under article 232, which US President Donald Trump ordered in February.
In addition to the prices, the order requires measures to support the national copper industry, in particular by requiring 25% of the high quality scrap produced in the United States to also be sold in the country.
–Report by Ismail Shakil in Ottawa; Writing by Ryan Patrick Jones in Toronto; Edition by Susan Heavey and Marguerita Choy
