Freeport-McMoRan could see a $1.6-billion boost to annual profit if President Donald Trump's copper tariff materializes, a benefit driven by the firm's role as the largest U.S. producer with more expansion options than rivals.

A 50% tariff on imported copper is set to take effect Aug. 1, and global markets are already responding. Copper is a critical material used in home construction, semiconductor chips and electric vehicle batteries — and now,

Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.

President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance.

President Donald Trump announced a 50% tariff on copper set to take effect on Aug. 1. SAN DIEGO — A newly announced 50% tariff on copper could drive up the cost of everything from plumbing repairs to solar panels, and it’s raising new concerns about inflation.

Donald Trump announced a 50% tariff on copper imports into the US. This decision worries India's electronics and semiconductor industries. India relies on imported high-purity copper. The tariff could disrupt India's chip manufacturing efforts.

It remains unclear whether the 50 per cent levy announced last week will be applied to all copper products, stoking anxiety across industries.

Peru's economy is projected to have expanded just under 3% in the second quarter of 2025, central bank chief economist Adrian Armas said on Friday, adding that this remained in line with the bank's forecasts of 3.