Earlier this week, President Donald Trump sent ripples across the commodities sector with the announcement that he will impose a 50% tariff on copper imports. According to a CNBC report, Trump implied that additional sector-specific levies would be just over the horizon.

The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries and more.

President Donald Trump says he will put a 50% tariff on copper imports before noting the value of the versatile metal.