President Donald Trump said Tuesday he is imposing a 50% tariff on all copper imports, marking the latest in a series of sweeping trade measures during his second term.
The timeline for implementation is not yet clear.
“Today we’re doing copper,” Trump said during a Cabinet meeting, adding he expects the rate to be 50%.
This follows earlier across-the-board tariffs on cars (25%), steel, and aluminum (both 50%), under Section 232 national security grounds. The U.S. imported $17 billion in copper last year, with Chile as the largest supplier.
Copper futures surged 15% in New York following the announcement, reaching a record $5.68 per pound. Analysts warned the new tariff will likely raise costs for American manufacturers and consumers.
Separately, Trump said 200% tariffs on pharmaceutical imports are also on the way, though they may be delayed to give companies time to shift production to the U.S. The administration launched an investigation into drug imports in April.
Trump argues the U.S. must reduce reliance on foreign medicine suppliers, a policy shift from his first term when pharmaceuticals were exempt from tariffs.
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The U.S. imposed sanctions Tuesday on a North Korean cyber operative accused of running an illicit global IT worker network that funds Pyongyang’s w...
President Donald Trump said Monday that the U.S. will send additional weapons to Ukraine, just days after ordering a sudden pause in key arms deliveri...
Iranian Foreign Minister Abbas Araghchi held high-level talks with Saudi Crown Prince Mohammed bin Salman (MBS) in Jeddah on Tuesday, marking the firs...
President Donald Trump said Tuesday he is imposing a 50% tariff on all copper imports, marking the latest in a series of sweeping trade measures durin...
A woman from Guadeloupe has become the only known person in the world with a newly discovered blood group, which French scientists have named “Gwada negative.”
The U.S. imposed sanctions Tuesday on a North Korean cyber operative accused of running an illicit global IT worker network that funds Pyongyang’s weapons programs, according to the State Department.
President Donald Trump said Monday that the U.S. will send additional weapons to Ukraine, just days after ordering a sudden pause in key arms deliveries — a decision that drew concern from Kyiv and its allies.
A fast-moving wildfire on the outskirts of Marseille has injured at least 110 people and forced hundreds from their homes, as firefighters continue to battle the flames into the night.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
U.S. President Donald Trump said on Tuesday that pharmaceutical imports could face tariffs of up to 200%, with details expected by the end of July following an ongoing national security review.
French President Emmanuel Macron called on Britain and France to “de-risk” their economies from U.S. and Chinese influence during a historic address to the UK parliament on Tuesday, signalling a renewed push for closer European cooperation.
The U.S. imposed sanctions Tuesday on a North Korean cyber operative accused of running an illicit global IT worker network that funds Pyongyang’s weapons programs, according to the State Department.
President Donald Trump said Monday that the U.S. will send additional weapons to Ukraine, just days after ordering a sudden pause in key arms deliveries — a decision that drew concern from Kyiv and its allies.
Iranian Foreign Minister Abbas Araghchi held high-level talks with Saudi Crown Prince Mohammed bin Salman (MBS) in Jeddah on Tuesday, marking the first official visit by a senior Iranian official to the kingdom since Iran’s 12-day war with Israel last month.
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