News-News.Zip

News in English (USA) / 08.07.2025 / 21:00

Trump Announces 50% Tariff on Copper Imports Amid Trade Tensions

In a significant move, Trump has announced a 50% tariff on copper imports, which is expected to impact the market significantly. This decision comes as part of a broader trade strategy that includes potential tariffs on pharmaceuticals, which could reach up to 200%. The announcement has led to a surge in copper prices, hitting record highs as the market reacts to the news. Additionally, Trump mentioned that the U.S. will soon announce tariffs on semiconductors. The trade war continues to escalate, with concerns about the potential fallout from these levies and the ongoing dialogue with other nations.
WSJ, CNN, CNBC, Bloomberg, Reuters, Axios, Financial Times, "Barrons", Quartz, U.S. News & World Report