Trump’s Bold Copper Buckle and the Pharmaceutical Price Jenga
Well, it turns out our president’s newest idea for booming the economy is to sprinkle a hefty 50 % haircut on copper, the metal that’s been riding the price roller‑coaster to the sky. And just when everyone’s already stuffing their wallets with copper futures, the big man in Washington adds a zingy twist: pharmaceuticals could face up to a 200 % border tax in a little over a year – so either keep them home safe or pay the price for a “funny” bit‑bit of extra tax.
What’s Happening Outside of the White House
- Price Surge – American copper futures jump over 10 % to $5.682 per pound, blasting past the earlier record.
- London Metal Exchange – Copper dips 2.4 % as trading starts, settling at around $9,653 per tonne.
- Trump’s Letter Bomb – On Monday, the president dropped 40 % tariff targets onto more than 12 countries, scheduled to kick in on 1 August. The world’s a bit confused.
- German Chancellor’s Optimism – Friedrich Merz told the Bundestag that an agreement with the US might just trickle through by month‑end – hoping the tariffs don’t turn into a political hard‑ball.
Why the Copper Tax? Why the Pharmaceutical Wait‑list?
Trump framed it like a “big deal” for America:
“Today we’re doing copper.”
“We’re going to give people about a year or a year and a half to come in, and after that they’re going to be tariffed if they have to bring the pharmaceuticals into the country, at a very high rate, like 200%.”
So, the prescription‑oriented items will either land in your pocket or meet a fun, heavy duty cher-buck in the customs office. This is the “no‑child” policy – think of it as a high‑stakes game of “price tag: which product grabs the largest share of the tariff?”
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