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Trump's 50% Tariffs on Copper, Brazil Imports to Kick In From August 1
Business Standard
|July 11, 2025
Brazil President Convenes Urgent Meeting to De-escalate Crisis
US President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50 percent tariff on US copper imports and a 50 percent duty on goods from Brazil, both to start on August 1.
"I am announcing a 50 percent tariff on copper, effective August 1, 2025, after receiving a robust national security assessment," 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 August 1 would rise to 50 percent from 10 percent, a shockingly high level for a country with a balanced US trade relationship.
Bu hikaye Business Standard dergisinin July 11, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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