U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, both to start on August 1.
“I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump said in a post on his Truth Social media platform, a reference to a “Section 232″ national security trade investigation into the red metal that has been underway.
The announcement came hours after he also informed Brazil that its “reciprocal” tariff on August 1 would rise to 50% from 10%, a shockingly high level for a country with a balanced U.S. trade relationship.
Trump first broached the copper tariff during a cabinet meeting on Tuesday, setting off a scramble by companies to import as much copper as soon as possible from Chile and other major suppliers.
He blamed the decline of the U.S. copper industry on past administrations, saying copper was needed for semiconductors, aircraft, electric vehicle batteries and military hardware.
Trump Sets 50% U.S. Tariffs On Copper, Brazilian Imports Starting In August
Violence by Jewish settlers in Palestine has now also struck the residents of Taibeh, the only...
Ukraine said it had arrested a Chinese father and son, both suspected of spying on Kyiv’s...
Rescue teams continue to search the banks of the Guadalupe River in central Texas as more...
