President Donald Trump said he will impose a 50% tariff on copper imports, and suggested more steep sector-specific duties are on the way. “Today, we’re doing copper,” Trump said during a Cabinet meeting. “I believe the tariff on copper, we’re going to make it 50%.” Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports. US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on July 8, 2025. Andrew Caballero-Reynolds | AFP | Getty Images
President Donald Trump said he will impose a 50% tariff on copper imports on Tuesday, and suggested more steep sector-specific duties are on the way.
“Today, we’re doing copper,” Trump said during a Cabinet meeting at the White House. “I believe