Trump announces new tariffs on copper and goods from Brazil and South Korea
Photo: EPA

President of the United States Donald Trump announced a series of new import tariffs that will affect copper and goods from Brazil, South Korea and other countries. About this writes Reuters.

In particular, the United States will introduce 25% duty on goods from India and a 50% duty on copper pipes, cables and other semi-finished copper products, starting on Friday, August 1.

Initially, it was expected that the tariff would cover all types of copper, but in the end it will only apply to finished products, not raw materials. This will help producers but will have little impact on the US mining industry.

Brazil will be subject to a 50% duty on most goods. At the same time, it will not apply to such key sectors as aircraft construction, energy, and orange juice production. The duties will take effect on August 6.

The United States reached a partial trade agreement with South Korea: instead of the previously planned 25% tariffs, 15% will be applied.

Seoul has promised to invest $350 billion in projects in the United States and purchase $100 billion worth of American gas and energy. Part of the investment will be used to restore American shipbuilding in partnership with South Korean companies.

The United States is also canceling the so-called "de minimis" exemption, which allowed small commercial parcels worth up to $800 to be received duty-free. Starting from August 29, such shipments, if they go outside the international postal system, will be subject to duty.