Trump’s copper tariff announcement is causing a surge in the metal’s prices—but Americans should also expect a rise in crime and local copper theft.
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in ... More
Trump told reporters Tuesday that the U.S. would impose a 50% tariff on copper imports, triggering a jump in U.S. copper prices.
Copper futures briefly surged 17% to a record $5.89 per pound Tuesday, before dropping down to about $5.59 by Wednesday morning.
Historically, as copper prices rise, the metal becomes a valuable target for thieves, who strip copper from cars, air conditioners, street lamps and construction sites.
Minneapolis recently put $1 million toward repairing stripped street lights while Chicago police are copper theft from buildings and cellular towers.
Trump’s proposed copper tariff follows a probe he launched in February into the U.S. copper industry. He has already imposed tariffs on steel and aluminum, but copper tariffs could have a more drastic economic impact because the U.S. is highly reliant on imports. Just over 50% of the total refined copper consumed in the U.S. is imported, according to the U.S. Geological Survey. But beyond the possible economic impact, rising copper prices have a history of coinciding with increased vandalism and theft.
Copper is used for everything from electrical wiring in buildings to computers and cars. Copper is the third-most consumed metal behind iron and aluminum, according to the U.S. Geological Survey. Copper is also recyclable and resells for close to the original price of the metal. When the price of copper is high, thieves earn by stripping it from construction sites, cellular towers, air conditioners and more.
Copper is in everything from common appliances to industrial equipment. The metal can be found in common cables like phone and computer chargers, and WiFi and TV cables. Cars, trains and planes also have copper in them. Common household appliances like washing machines, dishwashers, dryers, air conditioners, freezers and refrigerators all have copper wire and circuit boards, and the metal is commonly stolen from construction sites because copper is more accessible to thieves as electrical, plumbing, HVAC and appliances are being installed.
In Las Vegas and surrounding neighborhoods, more than 970,000 feet of electrical wiring went missing from streetlights from 2022 to 2024. In a more recent example, two men working for a JFK Airport contractor stole 1,100 feet of copper cable valued at $70,000 from a warehouse at the airport in April.
Trump’s Aug. 1 tariff kickoff date will likely be when the proposed 50% copper tariff takes hold. Americans can expect to see rising copper and metal theft rates if the prices continue to surge.