President Donald Trump has unveiled plans to impose a 50 percent tariff on copper.
“Today, we’re doing copper,” Trump said at a July 8 Cabinet meeting in front of reporters. “I believe the tariff on copper, we’re going to make it 50 percent.”
Trump Says He'll Set 50 Percent Tariff on Copper
The president also said tariffs on pharmaceuticals could reach up to 200 percent.
President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House on July 8, 2025. Andrew Caballero-Reynolds/AFP via Getty Images
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
