Copper is used in a wide variety of products from electronics, wiring, machinery and cars. The U.S. produces a majority of the copper it uses but still imports large quantities, primarily from

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.

President Donald Trump on Wednesday affirmed that the United States will levy a 50 percent tariff on copper imports starting Aug. 1, following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries, renewable energy technology and more.