#TrumpTariffs

💥💥50% on copper, 200% on Pharma: Donald Trump talks of new US tariffs soon; ‘they're going to be tariffed at a very…’ 💥💥

US President Donald Trump on Tuesday announced plans to impose a 50% tariff on copper imports, while warning of a much steeper duty on pharmaceuticals that would come into effect after a grace period of at least a year.

“Today we're doing copper,” Trump said during a cabinet meeting, signalling movement in an ongoing investigation into the country’s copper imports.

He added that Washington would soon issue a separate announcement on the pharmaceutical sector, expanding the list of industry-specific tariffs introduced by his administration since January.

However, the president noted that pharmaceutical companies would be given time to shift their operations to the United States before the new tariffs are enforced.