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Trump plans to impose a 50% tariff on imported copper and drug tariffs could be as high as 200%

Internet reported that U.S. President Trump told reporters during a cabinet meeting on Tuesday that more trade agreements were imminent, especially in the form of a letter in which the United States unilaterally set tax rates. "These agreements are basically what I ask of them," Trump said."The numbers we choose are cheap and fair." Trump added that the United States will impose a new 50% tariff on imported copper. "Today we are targeting copper. I think we will set the copper tariff at 50%." Copper futures in New York rose in a straight line, and the intraday increase once expanded to 17%. In addition, Trump said that the United States will soon impose tariffs of up to 200% on drugs, but companies will have a year and a half to adjust their supply chains before the tariffs take effect. Trump also said he would announce tariffs on semiconductors soon, but he did not specify the level or date of the tariffs.

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