The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence other policies of foreign countries.

What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](

President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.

Donald Trump's 50% tariff on Brazilian imports has ignited a diplomatic clash with President Lula, who decried “tutelage” and vowed retaliation. Trump

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.

The levy is the highest announced so far in Trump’s letters to world leaders this week, and comes after he wrote a lengthy message supporting the former Brazilian leader.

Brazil scrambles to respond to Trump's 50% tariffs Reports out of Brazil have said the country scrambled to respond to President Trump's announcement of 50% tariffs on Brazilian exports.

Trump Targets Copper, Brazil Vows Response to 50% Tariff Threat. Latest Trade News. The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence ...

WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald 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 ...