Trump sets 50% US tariffs on copper, Brazilian imports; tariff letters to Libya and six other countries
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U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines.
The letters call for tariffs of 30% each on Algeria, Iraq, Libya and Sri Lanka, 25% each on Brunei and Moldova, and 20% on the Philippines.
U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries.
Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries.
Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, both to start on August 1.
“I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” Trump said in a post on his Truth Social media platform, a reference to a “Section 232” national security trade investigation into the red metal that has been underway.
The announcement came hours after he also informed Brazil that its “reciprocal” tariff on August 1 would rise to 50% from 10%, a shockingly high level for a country with a balanced U.S. trade relationship.
Here is a list of targeted tariffs he has implemented or threatened to put in place.
PRODUCT TARIFFS IN EFFECT
Autos and auto parts – 25%
PRODUCT TARIFFS – THREATENED
Pharmaceuticals – up to 200%
Semiconductors – 25% or higher
Movies – 100%
Timber and lumber
Critical minerals
Aircraft, engines and parts
COUNTRY TARIFFS IN EFFECT
Canada – 10% on energy products, 25% for other products not covered by the U.S.-Canada-Mexico Agreement
Mexico – 25% for products not covered by USMCA
China – 30%, with additional tariffs on some products
United Kingdom – 10%, with some auto and metal imports exempt from higher global rates
Vietnam – 20% for some products, 40% on transshipments from third countries
COUNTRY TARIFFS THREATENED TO TAKE EFFECT AUGUST 1
