Copper prices jumped to all-time highs after President Donald Trump said he was putting a 50% tariff on copper imports. Stocks of copper mining companies also rose.“I believe the tariff on copper, we’re going to make it 50%,

President Donald Trump said he will impose a 50% tariff on copper imports on Tuesday, and suggested more steep sector-specific duties are on the way.“Today, we’re doing copper,” Trump said during a Cabinet meeting at the White House.

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.