Tag: retaliatory duties

In July 2025, President Donald Trump imposed a 50% tariff on imported copper, efficient August 1, igniting a new trade war. Framed as a national security measure, the tariff sent out copper futures skyrocketing 13% to $5.95 per pound, the steepest single-day increase ever. COMEX costs struck $12,300 per metric ton, disrupting global markets and…