Llame al (888) 572-7520 para hablar con un agente
Enviar mensaje a un agente
President Donald Trump announced a 50% tariff on copper imports and stated he is considering a 200% levy on imported pharmaceutical products.
As part of his plan to encourage the return of industrial production to the United States, President Donald Trump announced a 50% tariff on copper imports and stated he is considering a 200% levy on imported pharmaceutical products — a measure that could take effect later this year.
Commerce Secretary Howard Lutnick said the copper tariff could be implemented as early as August 1. “The idea is to bring copper home, to bring copper production home,” he said in an interview with CNBC.
Tariff increases on copper and pharmaceuticals
Although the U.S. has domestic copper production, the country imported approximately $17 billion worth of copper in 2024, according to the Department of Commerce. The leading suppliers were Chile, Canada, Peru, and Mexico.
In February, Trump ordered an investigation into copper imports under Section 232, a legal provision that allows the president to impose higher tariffs on the grounds of national security.
Experts warn that these tariffs could drive up prices for American consumers, as copper is a key component in electronics, machinery, and the automotive industry. Since the announcement, copper prices have surged to historic highs. Copper futures in New York rose by as much as 15%, reaching a record $5.68 per pound, according to CNN.
In addition to copper, President Trump also announced his intention to impose a 200% tariff on imported pharmaceutical products, although he acknowledged that the measure may take time to go into effect. During his previous administration, Trump exempted medicines from tariffs; however, he now aims to bring pharmaceutical production back to the U.S. through elevated import duties.
Several drug manufacturers have announced plans to expand their operations in the United States, although some of these initiatives were already underway before Trump took office in January.
Tariff pause extended, new rates possible in August
As trade negotiations continue, President Trump has extended the so-called “reciprocal tariff pause” until August 1. The tariffs, briefly implemented in April, were originally set to resume at 12:01 a.m. ET on Wednesday.
As part of his strategy, Trump has sent a flurry of letters to world leaders notifying them of the tariff rates that could take effect in August if no new trade agreements are reached. These notifications began on July 7, ahead of the original deadline for concluding trade talks this week.
President Trump has also warned countries against retaliating, stating that any countermeasures would be met with an equivalent increase in U.S. tariffs.
Jerome Powell under investigation as tensions between Trump and the Fed escalate
The investigation into Powell has raised global concerns over a potential threat to the independence of the U.S. central bank. In the new episode of
Road Alert: 25 States Under Extreme Driving Conditions
Road Alert: 25 States Under Extreme Driving Conditions
Snow, ice, strong winds, and low visibility are keeping major highways under active travel advisories. The alert now affects 25 states and calls for extra caution, especially among truck drivers and freight carriers operating along key corridors.
Human Trafficking: A Nationwide Call to Action on America’s Roads
Human trafficking is the focus of a nationwide awareness week aimed at educating truck drivers, motor carriers, law enforcement, and the public about human trafficking, how to spot the warning signs, and what to do if someone may be in danger.
TAA Compliance: When Safety Complaints Turn Into Six-Figure Losses
STAA compliance is no longer a technical detail for fleet owners—it is a financial, legal, and insurance exposure. A recent enforcement action in Texas shows how mishandling safety complaints can lead to termination claims, retaliation findings, and six-figure penalties, and what carriers must do to avoid becoming the next case
U.S. labor market raises red flags on Wall Street
The U.S. labor market closed 2025 with clear signs of weakening, as evidenced by the latest employment data released in December. In the latest episode
DOT finds half of North Carolina CDLs were issued illegally
The DOT warns that half of North Carolina’s CDL licenses are irregular after a federal audit uncovered serious compliance failures. The findings directly affect truckers, fleets, and transportation companies, raising urgent questions about road safety, legal operations, and the future of the trucking industry.
Business hours: Monday to Friday from 8:00 AM to 5:00 PM. California time