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What does Trump’s second term for Washington, Business and the world mean

Donald Trump said that Washington would impose 50 percent tariff on industrial metal in the latest growth of the President’s trade war.

Trump said before a cabinet meeting, “Today we are doing copper“, He said that he believes that tariffs would be 50 percent.

Howard Lutnik, Commerce Secretary, later said in an interview with CNBC that he expected copper Tariff This will be put into place at the end of this month, or early August.

The viewer of high tariff rates prescribed a crowd for the lock-in prices for the metal, widely used in electronics, construction and industrial equipment. According to factset data, copper futures in New York increased by 13 percent, which marks the record both higher and the largest jump on records, the biggest jump in 1969.

The stocks of US Copper Minor Freeport-Macmorn increased by about 3 percent.

JP Morgan analysts had a 25 percent tariff rate for the import of refined copper by JP Morgan analysts, saying that Wall Street Bank had pencil at a 25 percent tariff rate.

Chile is the largest supplier of sophisticated copper for the US so far, accounting for about 70 percent imports in terms of dollars – followed by Canada and Peru, according to customs data collided by trade data monitor.

Rosario Navaro, president of Chile’s Industrial Trade Lobby, warned the tariff, as up to 50 percent of the country’s business conditions could be “deteriorated”.

Pierre Gratton, president of the Mining Association of Canada, said the values ​​of billions of dollars of energy infrastructure, such as copper piping, were sent to the US as part of an integrated North American industry.

He said that the US had sufficient copper refining capacity or smelters and rely on metal canadian imports, adding such high tariff rates to “hurt manufacturing”.

Trump’s proposed copper tariff came a day later when he sent letters 14 business partnersInvolved Japan And South Korea, if they do not make a trade deal till 1 August, threatened to kill them with standing levy. The President said in a post on truth social on Tuesday that he would make business announcements related to at least seven more countries on Wednesday.

The latest barrage of Trump of tariff announcements overtaken the trade, recently dominated his vigorous lobbying efforts to carry forward its “big, beautiful” fiscal bill through Congress, as well as with America’s air strike against Iranian nuclear facilities.

Trump predicts the results of an investigation into pharmaceuticals on Tuesday, including important inputs such as finished generic and brand-name drug products, and active ingredients.

He said, “We are going to give people about a year to come, and for a year and a half, and after that they are being targeted if they have to bring pharmaceuticals in the country very high in the country like 200 percent,” he said.

After the President’s announcement, the S&P 500 pharmaceuticals index fell from the heights of the day, but still closed 0.7 percent.

At least one year before the tariff kicked, Washington Lobists stated that they did not pose a significant threat to pharmaceutical companies in the near period. “Classic Trump Hyperbole,” said a beating.

The US has already announced a tariff parked on cars and steel as a result of national security check, but pending pharmaceuticals, copper, lumber, aerospace, chips and consumer electronics checks.

Investigations in important areas known as Section 232 Investigation have increased uncertainty among American business partners as they try to interact on deals to mold themselves Trump’s tariff,

Only the UK has secured any form of relief from sectoral tariffs. As part of its recent deal with the US, instead of facing 25 percent of tariffs applicable in most countries, it was given a 10 percent decrease on an annual quota of 100,000 cars.

The US is also interacting with the UK on a quota for low-tariff steel imports, and pharmaceutical tariffs promise to interact on carving-out for British companies.

Additional Reporting by James Politi in Washington