US President Donald Trump has taken another significant step in international trade policy — he announced the imposition of a 50% tariff on imported copper. This has sparked great interest not just among economists, but also participants in the global market.
The new tariffs are expected to impact metal supply chains needed for electric vehicles, military equipment, electrical infrastructure, and consumer goods. Copper futures in the US rose by more than 10% following this announcement.
Additionally, according to the Trump administration's plan, strict tariffs on semiconductors and pharmaceutical products may soon be implemented. Notably, the possible introduction of a 200% tariff on drug imports negatively affected US pharmaceutical company stocks.
At the same time, the US president said the tariffs may be introduced over time — some tariffs may be postponed to 2026.
Experts believe that while these measures aim to protect domestic producers in the US, they could also escalate trade wars at the international level.
What do you think: what consequences might such US economic pressure have on the global market? Read 'Zamin' on Telegram!
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