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How Trump’s copper tariffs are already changing the market

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July 15, 2025

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Copper is used in everything from phones and cars to home construction and the military. Now President Trump is proposing 50% tariffs.

On today’s Big Take podcast, we discuss what new tariffs mean for the economy and your next big purchase.

Last week, President Trump sent markets into a tizzy, when he proposed tariffs on one of the world’s most valuable commodities: Copper.

On today’s Big Take podcast, Bloomberg’s economic statecraft reporter Joe Deaux joins host David Gura to discuss the president’s ongoing push to bring copper manufacturing back to the US. Why 50% levies on copper could affect everything from your car and iPhone to the nation’s electrical grid, and what the copper industry is doing to get ahead.

Read more:

Trump’s 50% Copper Import Tariff Said to Include Refined Metal ()

OnceinaGeneration Copper Trade Upends a $250 Billion Market ()

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The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

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Guests & Subjects Covered

Now President TrumpBig TakePresident TrumpCopper OnJoe DeauxDavid GuraUS WhyCopper Import Tariff Said

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