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Trade tariffsin Financial Markets
2 hours ago

The Canadian dollar drops amid Trump's tariffs, while Dow futures show slight resilience despite looming new tariffs. Copper prices surge to a record high following a 50% tariff announcement.

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US will hike tariffs on copper to 50%, Trump says

BBC NewsTuesday, July 8, 2025 at 7:28:43 PM
US will hike tariffs on copper to 50%, Trump says
Former President Donald Trump announced plans to sharply increase US tariffs on imported copper to 50%, a move that could shake up industries reliant on the metal. The warning also hinted at potential tariff hikes on other key goods like medicines, wood, and tech components—signaling a broader protectionist push.
Editor’s Note: Copper is everywhere—from wiring in homes to renewable energy projects—so higher tariffs could drive up costs for manufacturers and consumers. The threat of expanding tariffs to essentials like pharmaceuticals and semiconductors adds even more uncertainty, raising concerns about supply chains and inflation. This isn’t just about trade; it’s about how everyday products might get pricier.
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