President Donald Trump said a new 50% tariff on all copper imports will come Tuesday. However, he did not specify when the new tariff would take effect.

President Donald Trump said on Tuesday he will announce a 50% tariff on copper later in the day, aiming to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

Copper futures on the Comex surged as much as 17% after US President Donald Trump said he planned to implement a 50% tariff on imports of the metal.

India has made its best offer to the US on trade and the fate of an interim deal now lies in the hands of President Donald Trump, officials familiar with the matter said.

Chinese state media reported Tuesday that the country would increase its tariffs on the United States if President Donald Trump sidelines the country in trade deals with other countries. The country argues that if the U.

Donald Trump announced new tariffs on 14 countries, including Japan and South Korea, while stating the US is close to finalizing a trade deal with India. According to earlier reports, the countries could have reached some tangible outcomes before July 9.

President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.

"Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!