President Donald Trump introduced his administration will impose a 50% tariff on imported copper, marking a brand new ecalation in his broader levy coverage.
President Trump teased seemingly main bulletins associated to commerce negotiations with a minimum of seven international locations on Tuesday night.
“We can be releasing a minimal of seven international locations having to do with commerce, tomorrow morning, with a further variety of international locations being launched within the afternoon,” Trump wrote in a put up on his Reality Social account. “Thanks to your consideration to this matter!”
TRUMP PLEDGES 50% TARIFF ON COPPER IMPORTS
President Donald Trump listens throughout a Cupboard assembly on the White Home in Washington, D.C., on Tuesday, July 8, 2025. (Aaron Schwartz/CNP/Bloomberg through Getty Photos / Getty Photos)
Earlier Tuesday, Trump introduced that the U.S. will impose a 50% tariff on imported copper, marking an escalation in his broader levy coverage geared toward reshoring crucial U.S. industries.
A BREAKDOWN OF THE TRADE LINKS OF TRUMP’S LATEST TARIFF TARGETS
Trump made the announcement throughout a Cupboard assembly in entrance of the press on Tuesday the place he linked the transfer to his America First coverage of rebuilding industrial provide chains and forcing firms to supply supplies domestically.
U.S. President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs throughout an occasion within the Rose Backyard entitled “Make America Rich Once more” on the White Home in Washington, DC, on April 2, 2025. (BRENDAN SMIALOWSKI/AFP through Getty Photos / Getty Photos)
LOOMING TOMATO TARIFF CAUSING TRADE TENSIONS
The Reality Social put up additionally follows Trump’s latest announcement that if 14 international locations don’t strike a commerce take care of the U.S. by the start of subsequent month, they are going to revert to ranges set in April.
An American flag is pictured right here. (iStock / iStock)
Whereas nearly all of the brand new tariffs introduced on Monday carefully replicate the charges proposed by President Donald Trump in April, Laos and Myanmar are set to face the very best levy at 40%.
Items from Serbia and Bosnia and Herzegovina will face barely decrease charges of 35% and 30%, respectively. And the remaining international locations: Japan, Kazakhstan, Malaysia, South Korea and Tunisia will see a 25% tariff hike.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
In April, Trump introduced a “reciprocal” tariff coverage underneath which U.S. tariffs on items imported from overseas international locations can be primarily based on the dimensions of America’s bilateral commerce deficit with these international locations.
Fox Information Digital’s Amanda Macias and Michael Dorgan contributed to this report.