Donald Trump, Lula
Digest more
Higher prices in America suit miners with copper assets in the country just fine. The shares of Rio Tinto and Freeport-McMoRan, an American miner which accounts for 60% of domestic copper production, have risen. For the latter, a 50% duty could result in windfall profits of $1.6bn a year, reckons Deutsche Bank, another lender.
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. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
Key Takeaways President Donald Trump recently proposed a tariff as high as 200% on medicine from overseas.Experts say steep tariffs on drugs could push up prices, insurance premiums, and even lead to shortages.
14hon MSN
President Donald Trump’s aggressive tariff campaign has, so far, yielded significant financial gains for the US government.TL;DRTrump’s tariffs have brought the US a record surge in customs revenue-$64 billion in Q2 2025.
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10 percentage points higher than what the president said he would apply to America's largest trading partner in April but lower than his mid-May threat of 50%.
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,
Alcoa Corp., the largest US aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry.
12hon MSN
Elizabeth Warren introduces a price gouging bill to target big companies that use market shocks including a trade war to push through excessive price increases.