The White House has not yet made a decision on whether to impose refined copper tariffs as officials weigh domestic mining goals against manufacturing costs.

President Donald Trump signed a proclamation imposing tariffs of up to 100% on imported drones and components, aiming to curb foreign dependence and boost U.S. manufacturing.

A spike in capital goods imports and a decline in outbound shipments pushed the U.S. trade deficit to its highest level since March 2025. Economists warn the widening gap could act as a significant drag on second-quarter GDP growth.