Trump Threatens High Tariffs

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aluminum tariffs

CNBC

•

World

Trump's tariffs on cars, copper, drugs, aluminum could hit harder than other levies

Summary

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80% Informative

President Donald Trump has doubled tariffs on steel and aluminum imports to 50% .

He has also announced a 50% tariff rate on copper, and threatened a 200% levy on pharmaceuticals.

The tariffs are part of the president's plan to use sector-specific tariffs to gain leverage over trading partners.

" Today , we're doing copper," Trump said of the commodity that makes up most of the electrical wiring in American homes.

Trump had previously ordered the Commerce Department to institute a Section 232 national security investigation into both copper and lumber imports, with results due in November .

Trump has also floated the possibility of imposing additional sector-specific tariffs on agricultural products, iPhones , trucks and other items.

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English

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