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

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#trump #tariffs #copper #pharmaceuticals #trade

Trump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals - CNN

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.

About the People Mentioned

Donald Trump

Donald John Trump, born June 14, 1946, in Queens, New York, is an American businessman, media personality, and politician. He graduated from the University of Pennsylvania’s Wharton School in 1968 with a degree in economics. In 1971, he took over his family’s real estate business, renaming it the Trump Organization, through which he expanded into building and managing skyscrapers, hotels, casinos, and golf courses. Trump gained widespread fame as the host of the reality TV show *The Apprentice* from 2004 to 2015, which helped establish his public persona as a successful entrepreneur. Trump entered politics as a Republican and was elected the 45th president of the United States, serving from 2017 to 2021. His presidency was marked by significant policy actions including tax cuts, deregulation, the appointment of three Supreme Court justices, renegotiation of trade agreements (notably replacing NAFTA with the USMCA), and a focus on immigration control including border wall expansion. He withdrew the U.S. from international agreements such as the Paris Climate Accord and the Iran nuclear deal, and engaged in a trade war with China. His administration’s response to the COVID-19 pandemic was criticized for downplaying the virus’s severity. Trump was impeached twice by the House of Representatives—first in 2019 for abuse of power and obstruction, and again in 2021 for incitement of insurrection—but was acquitted by the Senate both times. After losing the 2020 election to Joe Biden, Trump challenged the results, culminating in the January 6, 2021, Capitol riot. He remains a central figure in American politics, having won the 2024 presidential election and returned as the 47th president in 2025, continuing to promote policies aimed at economic growth, border security, and military strength[1][2][3][4].

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