Trump's New Tariffs and the Impact on Copper and Pharmaceuticals

The Impact of Trump's New Tariffs on Copper and Pharmaceuticals

President Donald Trump has announced a new 50% tariff on all copper imports, with potential threats of a 200% tariff on pharmaceuticals. This decision comes in the midst of ongoing trade tensions between the US and China, as well as other countries. The new tariff on copper raises concerns for several industries, including construction, electronics, and manufacturing. With the uncertainty surrounding when the tariff will take effect, businesses are left to navigate the potential consequences. This move could also have a ripple effect on global markets and the price of copper, which could lead to higher costs for consumers.