传特朗普50%铜关税扩至半成品 美国电网、数据中心材料恐遭重击

Core Viewpoint - The proposal by President Trump to impose a 50% tariff on imported copper products, including semi-finished copper goods, is expected to significantly impact various economic sectors and the U.S. copper supply chain [1][2]. Group 1: Tariff Proposal Details - The proposed tariff will cover copper products used in power grids, military equipment, and data centers, with semi-finished products likely included [1]. - The details of the tariff plan are not fully disclosed, and adjustments to the measures are still possible [1]. - The market had anticipated tariffs on refined copper, but the inclusion of semi-finished products (such as wire, sheet, and pipe) was uncertain until now [1]. Group 2: Economic Impact - The tariff is expected to raise production costs across multiple sectors, including electronics, automotive manufacturing, construction, and defense [1]. - In 2022, the U.S. imported 908,000 tons of refined copper, which constituted the largest import category, and these materials are processed into rods, cables, and alloy products [1]. Group 3: Industry Insights - The U.S. Copper Development Association highlighted that semi-finished copper products are critical to the military supply chain, representing 90% of U.S. semi-finished copper producers [2]. - The U.S. domestic copper production is insufficient to meet its own demand, necessitating significant imports of semi-finished copper products, estimated at 800,000 tons last year [2]. - The potential for a 50% tariff on semi-finished products raises national security concerns, as any disruption in foreign copper supply could severely impact U.S. electricity supply [2]. Group 4: Processing Sector Challenges - Imposing tariffs on semi-finished products will directly increase costs for processing companies, which rely heavily on imported raw materials [3]. - Current domestic processing capacity cannot meet the additional demand for 800,000 tons of semi-finished products, and establishing new capacity may take up to seven years [3].