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 has launched a wave of Section 232 tariffs and investigations, seeking to protect U.S. national security. These nine graphics show the scale and structure of U.S. reliance on

Copper prices in the United States jumped more than 12% to a record high above $12,330 per metric ton after U.S. President Donald Trump said he would announce a 50% tariff on imports of the metal on Tuesday.

Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.

U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production.

“The U.S. has been sucking in lots of copper that it didn’t really need from around the world,” Albert Mackenzie is a copper analyst at Benchmark Mineral Intelligence. President Trump had signaled that the tariffs were coming months ago, prompting many U.S. buyers to stockpile copper ahead of time.

Trade tensions and demand worries are among catalysts contributing to recent dip in copper prices. - However, weakness in the industrial metal may be short-lived as the long-term outlook still shines.

US President Donald Trump threatened a 35% tariff on some Canadian goods that would take effect from Aug. 1. He also raised the prospect of increasing levies on most other countries. The US President also told NBC News that he’s also eyeing blanket tariffs of 15% to 20% on most trading partners.