Trump Says 50% Copper Tariff To Take Effect Aug. 1
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What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](
13hon MSN
Donald Trump's 50% tariff on Brazilian imports has ignited a diplomatic clash with President Lula, who decried “tutelage” and vowed retaliation. Trump
On Thursday, a 50 percent US tariff on imported copper—set to take effect August 1—drove Freeport-McMoRan shares up 3.6 percent and lifted copper prices 1.9 percent to US$5.59 per pound, as reported by CNBC .
The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.