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Trump Hits Brazil with 50% Tariff, Issues Notices to 7 Minor Trading Partners
July 11, 2025
|The Straits Times
US President Donald Trump launched his global tariff assault into overdrive on July 10, announcing a new 50 percent tariff on US copper imports and a 50 percent duty on goods from Brazil, both to start on Aug 1.
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WASHINGTON/BRUSSELS - US President Donald Trump launched his global tariff assault into overdrive on July 10, announcing a new 50 percent tariff on US copper imports and a 50 percent duty on goods from Brazil, both to start on Aug 1.
"I am announcing a 50% tariff on copper, effective August 1, 2025, after receiving a robust national security assessment," Mr 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 percent from 10 percent, a shockingly high level for a country with a balanced US trade relationship.
Mr Trump first broached the copper tariff during a Cabinet meeting on July 8, setting off a scramble by companies to import as much copper as soon as possible from Chile and other major suppliers.
هذه القصة من طبعة July 11, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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