U.S. President Donald Trump on Tuesday ordered a probe into possible tariffs on copper imports to rebuild U.S. production of a metal critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods.

Tariffs, if they are imposed, could boost U.S. production of a valuable resource but also raise costs for automakers, construction companies and others.

The White House proclamation directing Commerce to initiate a Section 232 investigation on copper imports is now live. As always, the stakes are

President Trump issued an executive order (EO) requiring the US Department of Commerce (Commerce) to investigate the national

The officials, briefing reporters on condition of anonymity, said it was premature to discuss a potential rate for the tariffs. Copper futures in New York surged nearly 5% for their biggest intraday gain since May last year.

Koppers CEO addresses tariff impacts and strategies. Facing copper tariff challenges, the company plans cost cuts to boost profitability.