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Trump says US to impose 50% tariff on copper imports, copper futures jump ReutersTrump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals CNNCopper Prices Surge To Record High In Largest Increase Since ‘80s—Here's Why ForbesTrump threatens to impose up to 200% tariff on pharmaceuticals 'very soon' CNBC
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Trump Says He Won't Extend the Trade Deadline. Copper, Pharma Tariffs Are Coming Soon Too. Barron'sTrump tariffs live updates: Trump says he won't extend August 1 deadline after letters to Japan, South Korea, others Yahoo FinanceWhat Is a Trade Deal? Trump Takes an Expansive View. The New York TimesEXTENDING THE MODIFICATION OF THE RECIPROCAL TARIFF RATES The White House (.gov)
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President also says he will impose levies of up to 200% on drug imports after a transition period
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President Trump on Tuesday vowed to not back down on his new Aug. 1 deadline on tariffs — but Wall Street isn't convinced.
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Supreme Court lets Trump pursue mass federal layoffs ReutersSupreme Court Clears Way for Trump Administration's Mass Firings of Federal Workers The New York TimesSupreme Court backs Trump's effort to dramatically reshape federal government for now CNNSupreme Court clears the way for Trump's plans to downsize the federal workforce Federal News Network
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Trump's budget is gambling with your savings and investments.
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U.S. Commerce Secretary Howard Lutnick said Tuesday that another batch of tariff letters was close to going out, followed by "a general letter" that would cover trading partners that didn't get their own missives.
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Wall Street was mixed in quiet trading early Tuesday as markets appeared to shrug off new tariff deadlines for U.S. trading partners.
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The Trump administration had asked the justices to block a lower court's ruling that paused the largest phase of the president's efforts to downsize the government.
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Stocks Halt Trade-Fueled Slide on Hopes for Talks: Markets Wrap BloombergTrump says a new 50% tariff on copper imports is coming CNNTrump threatens to impose up to 200% tariff on pharmaceuticals 'very soon' CNBCStock Market Today: Dow Slips as Investors Await More Trump Tariff Letters — Live Updates WSJTrump announces copper tariff ahead of Aura listing Axi
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Solar and wind projects that already had been pared back by Trump's $3.4 trillion budget bill designed to end green energy incentives.
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US president also threatens 50% levy on copper imports in move that sent price of metal to record high
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Trump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals CNNCopper Futures in London Drop as Trump Plans 50% Import Tariff Bloomberg.comTrump threatens to impose up to 200% tariff on pharmaceuticals 'very soon' CNBCTrump threatens to escalate trade war amid confusion over new tariff rates The Guardian
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The president is deploying the word "deal" liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
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Justice Ketanji Brown Jackson, who was appointed to the court by President Biden, dissented.
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Trade war live: Trump says no extension to August tariff deadline Financial TimesTrump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations AP News'No extensions will be granted': Trump vows new tariff deadline is a firm one USA TodayTrump's Trade Deals, Negotiations, and New Tariffs for Each Country Time MagazineRead an Annotated Version of Trump's Tariff Letter to Japan WSJ
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The country hopes to lessen its reliance on the US amid threats from the Trump administration
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Financial markets are on edge about higher import taxes, but White House officials say they anticipate "a lot of deals very quickly."
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President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar.
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The leaders of Japan and South Korea were the first to get letters on Monday that informed them of the new tariff rates.
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The Trump administration will push for a broad reset of "outdated tariff determinations" at the World Trade Organization to fix what it sees as years of unfair treatment of the United States, a top trade official told U.S. lawmakers on Wednesday.
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