Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.

President Donald Trump announced Wednesday that a 50 percent tariff on US imports of copper, a key metal for green energy and other technologies, will take effect on August 1. "I am announcing a 50% TARIFF on Copper,

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.