Trump, copper and tariff
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The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium-ion batteries and 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,
The planned 50% tariff on copper imports may turn out to be the biggest own goal of U.S. President Donald Trump's ongoing trade war with the rest of the world.
President Trump’s ever-swerving tariff regime has taken more sharp turns this week.On July 7, his administration pushed back some of its most punishing duties by three more weeks to August, following a 90-day delay.
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,
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.
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,
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.
Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.