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Trump Plans to Impose 50% Tariff on Copper Imports; Copper Futures Once Soar 17%
US President Donald Trump announced on Tuesday plans to impose a 50% tariff on copper imports as part of a series of sectoral tariffs to be implemented soon. Meanwhile, he added th...
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Trump Plans to Impose 50% Tariff on Copper Imports; Copper Futures Once Soar 17%
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US President Donald Trump announced on Tuesday plans to impose a 50% tariff on copper imports as part of a series of sectoral tariffs to be implemented soon.

Meanwhile, he added that pharmaceutical companies might be given at least a year before implementing levies on their foreign-manufactured drugs.

Related NewsInflation Rate MoM for Jun in United States is 0.3%, higher than the previous value of 0.1%. The forecast was 0.3%.
Following the announcement, New York copper futures prices once soared 17%, marking the largest incline in the intraday trading session since at least 1988. It still surged 11% to last at US$5.58.

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