U.S. President Donald Trump said on 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 aluminium (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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Pope Leo XIV has been invited to visit Azerbaijan by President Aliyev during talks with a senior Vatican official in Baku. The invitation was extended during a meeting on Tuesday between President Aliyev and Cardinal George Jacob Koovakad, who is responsible for interfaith affairs at the Vatican.
Türkiye’s Foreign Minister Hakan Fidan has warned against actions in the Black Sea that could threaten regional stability, saying he raised the issue directly with Russia during talks in Moscow.
Lithuania’s ruling Social Democratic Party has said its chairman, Mindaugas Sinkevicius, is preparing to become the country’s next prime minister, replacing Inga Ruginiene.
An exiled Russian artist has been shot dead in Poland days after he carried out a one-man protest against Vladimir Putin, featuring a caricature of the Russian President as a baby held by the Soviet-era dictator Joseph Stalin.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
Türkiye’s Foreign Minister Hakan Fidan has warned against actions in the Black Sea that could threaten regional stability, saying he raised the issue directly with Russia during talks in Moscow.
Lithuania’s ruling Social Democratic Party has said its chairman, Mindaugas Sinkevicius, is preparing to become the country’s next prime minister, replacing Inga Ruginiene.
The United Kingdom has imposed a new wave of sanctions on Russia, targeting key financial institutions, logistics networks and vessels accused of helping Moscow sustain its war in Ukraine.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
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