Copper prices jumped to all-time highs after President Donald Trump said he was putting a 50% tariff on copper imports. Stocks of copper mining companies also rose.“I believe the tariff on copper, we’re going to make it 50%,

The U.S. will impose 50% tariffs on copper, President Trump said during a Cabinet meeting on Tuesday, adding that an action on imports of the metal would be announced today. The U.S. will also soon impose tariffs of up to 200% on pharmaceuticals,

Copper Mining Stocks Mixed. Among copper mining stocks, Freeport-McMoRanFCX, one of the largest copper producers in the world, saw shares jump 3.5% in late trading. At one point T

President Donald Trump said he would not offer any extensions for the implementation of increased tariffs on many goods imported into the US, pledging that new rates would hit at the beginning of August.

Trump sent letters to 14 countries threatening them with new tariffs, and the White House said more countries may be included in the coming days.

President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by Aug. 1, while also threatening to hit a dozen other nations with steep import duties by next month.