Group 1 - The new tariffs will take effect on August 1, with the rate on Canadian goods increasing from 25% to 35% [1] - The "reciprocal tariffs" set by the Trump administration range from 10% to 41% for various countries and regions [2] - A 50% general tariff will be imposed on imported semi-finished copper products and copper-intensive derivatives starting August 1 [3] Group 2 - The new tariffs are part of efforts to boost domestic industries and address "trade imbalances" following previous tariffs on steel and aluminum [3] - The White House has indicated that these copper tariffs will not be combined with additional tariffs on automobile imports [3] - There is a requirement for 25% of high-quality copper scrap and raw copper products to be sold domestically, although this is not expected to have a significant short-term impact [3]