Trump, Brazil and Tariff
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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 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.
US President Donald Trump announced a 50 percent tariff Wednesday targeting Brazil as he blasted the trial of the country’s ex-leader, and said a US “national security” levy on copper would begin in August.
Trump’s latest threat—a 10% tariff on nations backing BRICS “anti-Americanism”—isn’t just bluster. It puts a price tag on ideological alignment, and for countries like India or Saudi Arabia, it adds friction to what was once a low-cost platform for geopolitical posturing.