Trump Sets 50% U.S. Tariffs On Copper
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Trump, Brazil and tariffs
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What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
Brazil avoided Trump's tariffs until Wednesday, when Trump threatened to slap 50% tariffs on Brazil imports into the US.
2don MSN
Brazil has warned of retaliation after the US imposed a 50% tariff on its copper imports, a move linked to Trump's support for Bolsonaro. President Lu
Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50% tariff on goods from Brazil.
Copper is used in a wide variety of products from electronics, wiring, machinery and cars. The U.S. produces a majority of the copper it uses but still imports large quantities, primarily from