Copper prices in US hit record high after Trump announces 50% tariff
by Lauren Almeida and Lisa O'Carroll from Economics | The Guardian on (#6YH4A)
Latest escalation in trade war is expected to push up costs across key parts of US economy
Copper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation of his trade war.
Trump said before a cabinet meeting on Tuesday: Today we're doing copper," proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or a year and a half's time.
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