US President Donald Trump imposed a 50% tariff on copper imports while threatening a 200% tariff on pharmaceutical products.
Trump mentioned that pharmaceutical companies exporting to the US will have 18 months before facing the tariffs. He also plans to announce tariffs on chips and other products.
All members of BRICS, including India, will face 10% tariffs for allegedly aiming to 'hurt America' and 'destroy the dollar'.
Trump reaffirmed that the August 1 tariff deadline for countries failing to enter a trade deal with the US will not be extended, with more tariff letters expected to be sent out soon.