Reported 22 days ago
President Donald Trump revealed plans to implement a 50% tariff on copper imports and suggested a one-year grace period for pharmaceutical companies before imposing a significant 200% tariff on foreign-made drugs. During a Cabinet meeting, he emphasized ongoing investigations into various sectors, including drugs and metals, voicing concerns about national security risks posed by foreign goods. The anticipated tariffs have created ripples in the respective markets, with copper futures experiencing notable gains post-announcement.
Source: YAHOO