Utah is well-positioned to benefit from a potential new tariff on U.S. copper imports thanks to it's rich natural resources and investment-friendly mining incentives.

President Donald Trump said Tuesday he’s imposing a new 50% tariff on all copper. However, it’s unclear when the new tariff would take effect.

Trump announced a 50% tariff on copper imports Tuesday, triggering a jump in U.S. copper prices that could cause an increase in metal theft.