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News in English (USA) / 09.07.2025 / 10:00

Trump Announces Significant Tariffs on Copper and Pharmaceuticals

In a bold move that has sent shockwaves through the financial markets, President Trump has announced a forthcoming 50% tariff on copper imports, which has already driven copper prices to record highs. This decision marks a significant escalation in ongoing trade tensions and is expected to have widespread implications for various sectors, including manufacturing and pharmaceuticals. Furthermore, Trump has hinted at the possibility of imposing up to a staggering 200% tariff on pharmaceutical imports, signaling a broadening of the trade war. Markets are reacting cautiously as the announcement leads to increased volatility in stock prices, with investors closely monitoring the situation for further developments. The impact of these tariffs is anticipated to ripple through the economy, affecting both consumers and businesses alike.
Reuters, CNN, The Guardian, Bloomberg.com, BBC, CNBC, WSJ, Financial Times, "Barrons", Forbes