📦Proclamation 10962
Adjusting Imports of Copper Into the United States
Summary
Proclamation 10962 addresses the national security threat posed by excessive copper imports into the United States. It implements significant tariffs on semi-finished and derivative copper products, aiming to boost domestic production and reduce dependency on foreign sources. The proclamation highlights copper's critical role in defense and infrastructure, promoting actions to enhance U.S. manufacturing capabilities and industrial resilience.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The text outlines significant tariffs on copper imports, which will directly affect costs for businesses relying on copper for manufacturing and production. The potential 30% and 15-30% tariffs create a regulatory environment that requires compliance from U.S. businesses engaged in importing copper. The focus on national security could also bolster domestic production, influencing supply chain decisions and labor costs.