Trump says he will impose 50% tariff on copper imports
President Donald Trump said he will impose a 50% tariff on copper imports on Tuesday, and suggested more steep sector-specific duties are on the way.
“Today, we’re doing copper,” Trump said during a Cabinet meeting at the White House. “I believe the tariff on copper, we’re going to make it 50%.” He did not say specifically when that tariff would take effect.
Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.
Pharmaceutical companies could have up to a year and a half to start producing their products in the U.S. before those new tariffs take effect, Trump added.
By: Kevin Breuninger July 8, 2025
Read the full story here CNBC
Author Profile
Latest entries
Systemic Structural Racism07/23/2026Why many Black Americans were rooting for Argentina to lose the World Cup
Housing Conditions07/20/2026How HUD Is Seeking to Make Fighting Housing Discrimination Even Harder
Voting Rights07/17/2026How Trump’s Midterm Strategy is Hitting Black and Brown Communities Hardest
Housing Conditions07/13/2026The Housing Act Trades Affordability for Builder Profits
