Trump Plans 50% Copper Tariff, Will Wait Year on Drug Duties (2)

President Donald Trump said he planned to implement a 50% duty on copper imports as part of a set of looming sectoral tariffs, while also indicating he could offer pharmaceutical manufacturers at least a year before applying a crippling 200% tariff on their foreign-made products.

Trump told reporters during a Cabinet meeting on Tuesday he was still planning tariffs on select industries, including drugs, semiconductors, and metals.

“I believe the tariff on copper we’re going to make it 50%,” Trump said when asked by a reporter what the rate on those products would be. Copper futures in New York surged ...