🤦🏼♀️ Good god, Trump is actively trying to destroy whole industries on his way out the door. Forget the defense industry, this decimates the construction industry. Between his tariffs on lumber, steel, and COVID his first term — how many times can he screw over builders his second… https://t.co/9HFPYELoVj

Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.

Copper futures rose dramatically following President Trump's plan for a 50% import tariff, pushing domestic prices to a 25% premium over global markets amid growing demand.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump's higher than expected 50% tariff on imported copper takes effect.

Trump on Tuesday said he would impose 50 per cent tariffs on copper imports, an announcement that reverberated across the market for the world’s most important industrial metal over the past two days. The US president also floated the idea of a 200 per cent tariff on pharmaceuticals.

President Donald Trump pledged a 50% tariff on Brazil, accusing the country of carrying out a "witch hunt" against its former president.