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
The so-called Board of Peace that President Donald Trump officially launched in Davos, Switzerland last week...
United States envoy Steve Witkoff says he and his colleague Jared Kushner have held “constructive” talks...
Venezuela’s acting President Delcy Rodríguez said she has had enough of orders from Washington, in a...
A US security agreement for Ukraine is “100% ready” to be signed, Ukrainian president Volodymyr Zelenskyy...
