Trump Announces 50% Tariff on Copper
Trump Announces 50% Tariff on Copper
In a recent post on his new social media platform, Truth Social, former President Donald Trump revealed that a 50% tariff on copper will go into effect starting August 1. This decision comes after a national security assessment, which has determined that the US needs to take action to protect its domestic copper industry. The new tariff will impact both imported and domestic copper, and is expected to have a significant impact on the global market. The move has already sparked reactions from various industries, with some supporting the decision while others expressing concern over potential price increases and supply chain disruptions.
