Trump, copper and tariff
Digest more
President Trump's move to impose a 50% tariff on U.S. copper imports targets a vital metal that is widely used in many products and industries. That could lead to higher prices for everything from appliances and electronics to cars and home repairs,
President Donald Trump said his 50% tariff on copper imports will take effect on Aug. 1, noting he made the decision after a national security assessment.
President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Delta’s good news, Nvidia scores the first $4 trillion market cap milestone,
President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.The higher-than-expected levy was signaled by Trump in comments to reporters on Tuesday,
U.S. President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a bid to promote domestic development of an industry critical to defense, electronics and automobiles.
The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries and more.
Mining stocks rallied in pre-market trading Thursday after President Trump confirmed the U.S. will impose 50% tariffs on global copper imports beginning August 1, the day he has scheduled his "reciprocal" tariffs to go into effect.
Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.
By David Lawder, Andrea Shalal and Julia PayneWASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.