President Donald Trump announced on Wednesday night that the United States will impose a 50 percent tariff on copper, effective August 1. Trump wrote on Truth Social that he came to the decision after a "robust NATIONAL SECURITY ASSESSMENT."

Donald Trump plans to impose a 50% tariff on copper, affecting semi-finished products for various critical sectors. The move aims to promote domestic industry development essential for defense, electronics,

President Donald Trump has announced a 50% tariff on all copper imports, a move that could shake industries across the country. This means that companies bringing copper into the U.S. from other countries will have to pay half the value of that as a fee.

U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs,

Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.

President Trump sent tariff letters to more than 20 countries urging them to reach trade deals with the U.S. by Aug. 1, further escalating threats to partners including Canada. Trump also announced a 50% tariff on copper imports.

The Indian rupee is likely to open marginally higher on Thursday, supported by the uptick in Asian peers and muted reaction to U.S. President Donald Trump’s latest tariff announcements.