Trump, Tariff
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U.S. President Donald Trump's announcement of a proposed 50% tariff on copper imports has raised concerns in Chile and Peru, which together account for nearly 40% of global copper production. Copper prices in New York rose an average of 12% after the news,
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
President Donald Trump escalated his trade war, imposing new tariffs on Brazil and announcing fresh duties on copper imports.