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Copper prices are already up about 38% so far this year, all thanks to the economic chaos Republicans have needlessly created, and the tariff announcement drove up the price of copper futures by 15%,

“The U.S. has been sucking in lots of copper that it didn’t really need from around the world,” Albert Mackenzie is a copper analyst at Benchmark Mineral Intelligence. President Trump had signaled that the tariffs were coming months ago, prompting many U.S. buyers to stockpile copper ahead of time.

Copper might not be the most exciting or cutting-edge medtech material, but this metal is used in a wide range of medical devices.

The Aug. 1 deadline for Trump's 50% copper tariffs signals the endgame for the most profitable trade that industry veterans say they have ever seen.

President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance.

Producers of metals and other raw materials rose as President Trump's trade policies were set to favor U.S. metals processors and commodity prices. Copper futures rose after Canadian Industry Minister Melanie Joly vowed the nation would fight the copper tariffs in international court.