By: Brian Walczyk, Compliance Manager, TadeInsights, LCB, CCS

President Trump issued a proclamation this afternoon, July 30th, that states all imports of semi-finished copper products and intensive copper derivative products will be subject to a 50% tariff, effective August 1st.

The August 1st date is based on entered for consumption, or withdrawn from warehouse for consumption.

The 50% tariff will be on the copper content value, functioning in a similar manner to the Sec 232 Steel and Aluminum tariffs.

The proclamation mentions an Annex of HTS codes impacted, but it is not available at the time of this writing.

We will continue to provide updates as they are made available. Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.