WASHINGTON: United States President Donald Trump launched his global tariff assault into overdrive on Wednesday (Jul 9), announcing a new 50 per cent tariff on US copper imports and a 50 per cent duty on goods from Brazil, both to start on Aug 1. "I am announcing a 50 per cent TARIFF on Copper, effective Aug 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT," Trump said in a post on his Truth Social media platform, a reference to a "Section 232" national security trade investigation into the red metal that has been underway. The announcement came hours after he also informed Brazil that its "reciprocal" tariff on Aug 1 would rise to 50 per cent from 10 per cent, a shockingly high level for a country with a balanced US trade relationship.
Published at: 2025-07-09 22:49:00
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