President Trump has issued a proclamation regarding US imports of copper products and announcing a 50% tariff to take effect on August 1st. The tariff will apply to "semi-finished copper products and intensive copper derivative products", with respect to goods entered for consumption or withdrawn from warehouse on or after 12:01 EST August 1. The list of affected HTS codes can be found here.
Also announced by executive order was an additional 40% tariff on US imports from Brazil, bringing the total general tariff to 50%. The president cites national security concerns as reason for the increase, which goes into effect August 6 at 12:01 EST. A number of product exclusions are listed within the EO, including goods in transit before the effective date, and products subject to the steel, aluminum, and copper tariffs.
O.T.S. will continue to monitor and provide updates as they become available. Please do not hesitate to reach out to your O.T.S. Sales Representative for more information.