Imports of certain copper products into the US face a 50% tariff from Aug. 1 as President Donald Trump seeks to revive the domestic supply chain and make the country less reliant on foreign sources of this critical material.

Raw copper materials will not face the high duty that had been expected, but consumer goods prices may still be impacted.

While deGraaf said he thinks copper is now technically “oversold” but still within its broader trend, the market needs some time to stabilize. He said he expects volatility to