The trade war is expanding … and copper assembly Trump
US President Donald Trump said on Tuesday that he would introduce customs duties by 50 percent of copper imports, and soon the long -awaited payment for semiconductors and medicines will be announced, which expanded the sphere of his trade war, which shocked the global markets.
This will happen the day after Trump sent new customs messages to 14 commercial partners, including a large supplier of the United States, such as South Korea and Japan. According to Reuters, he renewed his threat to charge a 10 -percent fee for products from Brazil, India and other BRICS countries.
He also said that commercial negotiations are going well with the European Union and China, but added that it was only a few days after sending a customs message to the European Union.
Trump’s statements made during the meeting of the Cabinet of Ministers in the White House can lead to an increase in unrest in the world economy, which was destroyed due to the fees that he imposed or threatened the import of the largest consumption market in the world.
Copper in the United States jumped by more than 10 percent after Trump announced a new payment for metal, which is necessary for electric vehicles, military equipment, energy networks and a large number of consumer goods. These fees will be added to existing fees for steel, aluminum and cars, although it has not yet been indicated for new fees.
The shares of American pharmaceutical companies were reduced after Trump’s threat to levy 200 -percent fee for importing drugs, which, according to him, can be postponed for a year.
On the other hand, other countries said that they would try to facilitate the influence of the drawings that Trump threatened after he postponed the date of his entry from Wednesday to August 1.
The Trump administration promised “90 transactions in 90 days”, after in early April she showed a series of drawings, directors of the state. Until now, only two transactions have been completed with the United Kingdom and Vietnam, and Trump said that the deal with India was close.
Trump said that countries participate in negotiations with the United States, adding: “It is time to start collecting money from the countries that stole us … and laughed at our stupidity behind our backs.”
In the post on the “Social Social” platform on Tuesday evening, Trump said that “at least seven” customs notifications will be announced on Wednesday morning, but much more, without providing additional information.
Commercial partners around the world say that the random method in which the United States announces that new fees complicate their internal discussions about concessions and make it difficult to achieve the framework.
The highest levels of fees since 1934
After Trump announced an increase in the fees charged during imports from 14 countries, the center of budget research research at Yale University calculated that American consumers are currently faced with an actual fee of 17.6 percent, which is 15.8 percent earlier, which is the highest level in nine decades.
The Trump administration promotes these fees as a large source of income. The Minister of Finance, Scott Donant, said that Washington has still raised about $ 100 billion, and by the end of the year he can reach 300 billion. In recent years, the annual income from customs duties in the United States is estimated at $ 80 billion.
The Standard & Poor’s 500 index closed a slight decrease on Tuesday, a day after a sharp reduction in Wall -Strith, after Trump announced a new training camp.
Trump said that he would “probably” reach the European Union within two days thanks to the fees that he can expect when exporting to the United States, adding that 27 countries “with great kindness treat my administration” in commercial negotiations.
The European Union is the largest bilateral trading partner of the United States and hopes to reach an agreement before August 1, which includes concessions in large export sectors, such as aircraft and medical equipment, according to European sources. Brussels also studies an agreement that protects European automakers who have large production capacities in the United States.
But the German Minister of Finance, Lars Klingell, warned that the European Union was ready to answer, if necessary. “If we do not reach fair trade with the United States, the European Union is ready to accept an oncoming action,” he said before the parliament.
As for Japan, which is faced with the possibility of introducing a 25 percent commission – a height of 24 percent, it threatened in April – it seeks to receive concessions related to its main automobile industry, but will not sacrifice an agricultural sector, which has a strong local influence on the early transaction, according to the main negotiations in trade, Riosi Academy, on Tuesday.
For its part, South Korea, who also faces the possibility of introducing a commission by 25 percent, said that she intends to strengthen commercial negotiations in the coming weeks; “To achieve a useful result for two sides.”
Washington and Beijing have reached a trading agreement in June, but there are still many obvious details, and merchants and investors monitor whether this agreement will be destroyed until the final date of the United States on August 12 or will lead to sustainable calm.
“Our relationship was recently very good with China, and we are dealing with them very well,” Trump said. Honestly, they were fair in our commercial agreement, adding that he regularly talked with Chinese President Xi Jinping.
Trump also announced that the United States will be led by a 25 percent fee for goods coming from Tunisia, Malaysia, Kazakhstan, 30 percent to South Africa, Bosnia, Herzegovin, 32 percent in Indonesia, 35 percent of Serbia and Bangladesh, 36 percent of Cambody and Thailand and Thailand and Thailand for Laos and Myanmar.
Goldman Sachs Bank analysts believe that new customs duties declared the US President, which is 50 percent of copper imports, can be used as a negotiation tool, as happened in the past; The administration begins with a high bet, then returns to concessions or the provision of exceptions at the later stages of negotiations. Analysts believe that this growing probability of introduction of fees will lead to additional speed acceleration to the United States over the next few weeks, with an incentive for exporters, supply copper before the decision is made. In expectations at the prices of Goldman Sachs, he retained his expectations for a copper price on the London Stock Exchange for December 2025 at 9,700 US dollars per ton, but indicated that the price capabilities of $ 10,000 decreased during the third quarter of the year.
For their part, the analysts of the city bank changed their expectations in the light of what they called the new basic scenario, which should impose customs duties by 50 percent of copper imports, according to Article 232. They expected that the difference in prices between comics and London stock exchanges from 25 percent to 35 percent of the media concern for the London exchange. 2300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 to 3300 percent. City analysts also indicated that the clouds from a large excess stored in copper in the United States can completely enrich the country from the need to import exquisite copper on the remaining part of 2025, which limits the influence of new fees on actual deliveries.
