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Tag: Copper Imports

Trump Declares Major Tariffs on Copper and Pharmaceuticals, Sending Markets Reeling

Trump Declares Major Tariffs on Copper and Pharmaceuticals, Sending Markets Reeling

Trump Declares Major Tariffs on Copper and Pharmaceuticals, Sending Markets Reeling President Donald Trump has announced a sweeping new 50% tariff on all copper imported into the United States, a move that immediately sent copper prices surging to all-time highs. Speaking at a Cabinet meeting on Tuesday, President Trump confirmed the significant levy, though the exact implementation timeline remains unclear. This marks the fourth broad tariff imposed by the Trump administration during its second term, following existing duties on imported…

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Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty

Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty

Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty U.S. markets closed Tuesday with minimal movement as President Donald Trump definitively stated there would be no extensions to the looming August 1 tariff deadline. The S&P 500 edged down 0.07% to 6,225.52, while the Dow Jones Industrial Average dropped 0.37%. The Nasdaq Composite saw a modest gain of 0.03%. The market’s mixed reaction came after a period of uncertainty regarding trade policy. Following Monday’s initial push…

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