“America will, once again, build a DOMINANT Copper Industry,” Trump said Wednesday evening on Truth Social.

U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a national security assessme...

U.S. Comex copper futures jumped more than 10% after the announcement.

The Indian rupee is likely to open marginally higher on Thursday, supported by the uptick in Asian peers and muted reaction to U.S. President Donald Trump’s latest tariff announcements. The 1-month non-deliverable forward indicated the rupee will open at 85.

President Trump posted letters to the leaders of 14 countries, informing them that he plans to impose new tariffs on their exports to the U.S. beginning Aug. 1.

In the letters, which were posted on Truth Social, Trump warned countries that they would face even higher tariffs if they retaliated by increasing their own import taxes.

Trump uses tariffs as a key tool to force changes to U.S. trade relationships, but his on-again-off-again approach has roiled markets and stoked uncertainty.