- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Trump Plans to Impose 50% Tariffs on Imported Copper, Prompting a Sharp Rise in Copper Prices
BlockBeats News, July 9th. During a cabinet meeting on Tuesday, U.S. President Trump told reporters that more trade agreements are on the way, especially in the form of letters setting unilateral tax rates by the United States. "These agreements are basically me asking them," Trump said. "The numbers we have chosen are both low and fair."
Trump added that the U.S. will impose a 50% new tariff on imported copper. "Today we are targeting copper. I think we will set the copper tariff at 50%." New York copper futures surged in response, with an intraday gain expanding to 17% at one point.
Furthermore, Trump stated that the U.S. will soon impose tariffs of up to 200% on drugs, but before the tariffs take effect, companies will have a year and a half to adjust their supply chains. Trump also mentioned that he will soon announce tariffs on semiconductors, but he did not specify the tariff level or date. (Golden Finance)
You may also like
US Senate Agriculture Committee Schedules January 27 for Crypto Market Structure Hearing
Key Takeaways The Senate Agriculture Committee will release its crypto market structure bill on January 21, followed by…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
Binance Lists United Stables as a New Trading Option
Key Takeaways Binance is adding United Stables (U) to its platform, expanding its offerings in digital currencies. United…
2026 Top Transaction Themes: Trump's Sore-Loser Attitude, the End of the International Order
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
UK Lawmakers Urge Ban on Political Donations in Crypto
Key Takeaways: A group of senior UK lawmakers is pushing for a legislative ban on political donations in…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
Crypto Rich Threaten to Depart California Amid New Tax Proposal
Key Takeaways Proposed California tax imposes a 5% assets tax on residents with over $1 billion, sparking debate…
Crypto Crucial: Will Tax Threats Push California’s Wealthiest to Flee?
Crypto billionaires in California are contemplating relocation due to a proposed wealth tax targeting assets over $1 billion.…
SEC now fully Republican, set for pro-crypto rulemaking in 2026
Key Takeaways The SEC is now completely under Republican control following the departure of Caroline Crenshaw, indicating a…
Fed’s Powell Associates DOJ Probe with His Resistance to Trump’s Rate Demands
Key Takeaways Jerome Powell, the Chairman of the Federal Reserve, links a criminal investigation into the Federal Reserve’s…
Top UK Lawmakers Advocate for Ban on Crypto Political Donations
Key Takeaways Seven UK parliamentary committee chairs call for legislation to ban crypto donations, citing concerns over transparency…
Coinbase Warns of Withdrawal Over Senate Crypto Bill: Report
Key Takeaways Coinbase is considering retracting its support for a significant crypto legislation pending in the U.S. Senate…
UK Backbenchers Committee Demands Total Ban on Crypto Political Contributions
Key Takeaways: A group of senior Labour MPs are advocating for a total ban on cryptocurrency donations to…
India Tightens KYC Requirements for Crypto User Onboarding
Key Takeaways New KYC rules in India mandate stricter verification processes for crypto users, including live selfies and…
Senate Agriculture Chair Considers Postponement of Crypto Bill Vote Amid Growing Bipartisan Discussions
Key Takeaways: Senate Agriculture Chair John Boozman considers delaying the upcoming vote on the cryptocurrency legislation as bipartisan…
Coinbase Pressure Mounts as Interest-Bearing Stablecoins Reach Key Decision Week
US Senate Agriculture Committee Schedules January 27 for Crypto Market Structure Hearing
Key Takeaways The Senate Agriculture Committee will release its crypto market structure bill on January 21, followed by…
BitGo’s Revenue Surges with Upcoming IPO as Institutional Interest Grows
Key Takeaways BitGo, a major player in cryptocurrency custody, aims to raise $201 million through a U.S. IPO…
80% of Oil Revenue Settled in Stablecoins: Venezuela’s USDT Dominance
Key Takeaways Venezuela’s economy heavily relies on USDT, with 80% of oil revenue settled using this stablecoin, showcasing…
Binance Lists United Stables as a New Trading Option
Key Takeaways Binance is adding United Stables (U) to its platform, expanding its offerings in digital currencies. United…
2026 Top Transaction Themes: Trump's Sore-Loser Attitude, the End of the International Order
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
App