Trump Widens Trade War With 50% Copper Tariff, Threatens 200% Duties on Drugs and More Tariff Hikes
<p>Trump imposes 50% copper tariff, eyes 200% drug duties as global trading partners brace for sweeping US levies</p>
<p>The post <a href="https://www.arise.tv/trump-widens-trade-war-with-50-copper-tariff-threatens-200-duties-on-drugs-and-more-tariff-hikes-2/">Trump Widens Trade War With 50% Copper Tariff, Threatens 200% Duties on Drugs and More Tariff Hikes</a> appeared first on <a href="https://www.arise.tv">Arise News</a>.</p>
President Donald Trump on Tuesday escalated his global trade offensive, announcing a 50% tariff on imported copper and revealing plans for steep new duties on semiconductors and pharmaceuticals, as his administration pushes ahead with what he calls a campaign to “collect money” from countries “ripping us off.”
During a cabinet meeting at the White House, Trump said the US could also soon impose 200% tariffs on imported drugs, although implementation could be delayed by a year.
Meanwhile, a flurry of tariff notices, at least seven more expected Wednesday, is set to target additional goods from dozens of countries.
The moves add to an already volatile global trade climate. Markets were rattled, with US copper futures spiking over 10%, while pharmaceutical stocks fell sharply on fears of increased import costs and industry disruption.
Trump also reiterated his threat of 10% tariffs on goods from BRICS nations, including Brazil and India, after issuing fresh warning letters to 14 key trade partners like Japan and South Korea.
Although he said trade talks with China and the EU were going well, he hinted that the EU should expect its own tariff notice within days.
“It’s about time the United States of America started collecting money from countries that were ripping us off,” Trump declared. “They were laughing behind our back at how stupid we were.”
The administration had initially promised “90 deals in 90 days” after launching the latest tariff wave in April. So far, only two agreements with the UK and Vietnam have been finalised. A deal with India is reportedly close.
The new copper tariffs aimed at a material critical to electric vehicles, military hardware, and infrastructure follow earlier tariffs on steel, aluminum, and automobiles. Trump gave no specific timeline for when the copper or drug tariffs would take effect.
The Yale Budget Lab estimates that the effective US tariff rate has now risen to 17.6%, up from 15.8%, making it the highest rate since 1934.
Treasury Secretary Scott Bessent said the US has collected $100 billion in tariff revenue so far in 2025, with projections of $300 billion by year-end if Trump’s trade plans proceed.
“The big money will start coming in on August 1,” Trump said, referencing the next round of universal 10% tariffs and country-specific increases.
Global trade partners are scrambling to respond. The European Union, the US’s largest trading partner, is racing to strike a deal before the August 1 deadline, offering possible concessions for aircraft, medical equipment, and spirits, while seeking protections for EU carmakers operating in the US.
But German Finance Minister Lars Klingbeil warned of retaliation”If we don’t reach a fair trade deal with the US, the EU is ready to take countermeasures.”
Japan, which faces a 25% tariff, is pushing for an agreement that shields its powerful automobile sector. South Korea, also targeted for 25% duties, said it would “intensify” talks in hopes of avoiding severe penalties.
Country-Specific Tariff Threats-Trump listed the following new or increased tariffs coming for specific nations, 25% tariffs- Tunisia, Malaysia, Kazakhstan, 30% tariffs-South Africa, Bosnia and Herzegovina, 32% tariffs- Indonesia, 35% tariffs- Serbia, Bangladesh, 36% tariffs- Cambodia, Thailand, 40% tariffs- Laos, Myanmar
Trump said relations with China were improving, referencing recent talks with President Xi Jinping and a tentative trade framework agreed in June. However, with an August 12 deadline approaching, uncertainty remains over whether a lasting deal can be reached or if the tariff war will deepen.
“We have had a really good relationship with China lately,” Trump said. “They’ve been very fair on our trade deal, honestly.”
Despite Trump’s optimism, economists warn the lack of predictability in the US tariff rollout coupled with the sheer scope of proposed duties is deepening market volatility and straining international relations at a critical time for global economic recovery.
<div><img width="300" height="169" src="https://www.naijanews.com/wp-content/uploads/2024/05/Hope-Uzodinma-speaking-1-300x169.webp" class="attachment-medium size-medium wp-post-image" alt="[JUST IN] Minimum Wage: Uzodimma Gives Update On Tripartite Committee Meeting" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/05/Hope-Uzodinma-speaking-1-300x169.webp 300w, https://www.naijanews.com/wp-content/uploads/2024/05/Hope-Uzodinma-speaking-1-1024x576.webp 1024w, https://www.naijanews.com/wp-content/uploads/2024/05/Hope-Uzodinma-speaking-1-768x432.webp 768w, https://www.naijanews.com/wp-content/uploads/2024/05/Hope-Uzodinma-speaking-1.webp 1280w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Governor of Imo State, Hope Uzodimma, has hinted about the outcome of today’s meeting by the minimum wage tripartite committee. Naija News reported earlier that the tripartite committee will meet today to likely finalize a new minimum wage following the demands of the organized labour consisting of the Nigeria Labour Congress (NLC) and Trade […]</p>
<p>The post <a href="https://www.naijanews.com/2024/06/07/just-in-minimum-wage-uzodimma-gives-update-on-tripartite-committee-meeting/">[JUST IN] Minimum Wage: Uzodimma Gives Update On Tripartite Committee Meeting</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<img src="https://www.mtlblog.com/media-library/two-people-stand-outside-surrounded-by-sparkling-lights-right-lit-up-treats-on-a-winter-night.webp?id=55382017&width=1245&height=700&coordinates=0%2C0%2C0%2C0"/><br/><br/><p>Whether you're planning a romantic date night or a festive outing with your besties, there are several <a href="https://www.narcity.com/take-enchanted-walk-through-wonderland-of-lights-at-illumi-canada-this-fall">enchanting light trails near Montreal</a> just waiting to be explored this winter. </p><p>From mesmerizing city strolls to immersive forest footpaths, here are eight <a href="https://www.mtlblog.com/muskoka-home-of-the-stars-road-trip-from-montreal">dazzling displays near Montreal</a> that you can discover in the next month or two. What's more, they're all within a 2.5-hour <a href="https://www.mtlblog.com/tag/road-trips-from-montreal">road trip of Montreal</a> — and some of them may even be taking place in your own neighbourhood. </p><p>These stunning sites are perfect for making magical memories this season. So, bundle up and head out on your next adventure!</p><p>After all, you know what they say: glow big or glow home!</p><h3>Ice Trails at Domaine Enchanteur</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CmryDEnvr-X/?utm_source=ig_embed&ig_rid=ee9bf873-edd9-4cca-a1f4-183221a408a8" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CmryDEnvr-X/?utm_source=ig_embed&ig_rid=ee9bf873-edd9-4cca-a1f4-183221a408a8" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $24 per adult</p><p>When: Opens around December 15</p><li>Sunday to Thursday: 9 a.m. – 9 p.m.</li><li><span></span>Friday and Saturday: 9 a.m. – 10 p.m.</li><p>Address: Le Domaine Enchanteur – 1180, rang Saint-Félix E., Notre-Dame-du-Mont-Carmel, QC</p><p>Why You Need To Go: How does skating through winding forest ice-trails, surrounded by twinkling lights, sound to you? Domaine Enchanteur, located two and a half hours away from Montreal, lives up to its name (Enchanting Estate in English) with its site becoming as colourful as it is sparkly in the evenings. With 15 km of trails, two-thirds of which are lit up, you can skate for a long time before completing the course.</p><p><a href="https://domaineenchanteur.isp.46degresn.ca/" target="_blank">Domaine Enchanteur Website</a></p><h3>Fantasy Land at Parc Safari</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CsKwA6PsGtq/?utm_source=ig_embed&ig_rid=a4f732e6-1b19-4be8-832f-089e3f8c1232" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CsKwA6PsGtq/?utm_source=ig_embed&ig_rid=a4f732e6-1b19-4be8-832f-089e3f8c1232" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $30 per car or $10 per person</p><p>When: Fridays to Sundays, 4:30 p.m. to 8:30 p.m., until January 5</p><p>Address: Parc Safari – 242, rang Roxham, Saint-Bernard-de-Lacolle, QC</p><p>Why You Need To Go: Less than an hour from Montreal, Parc Safari feels like stepping into a fairytale until January 5. Visitors can expect to see giant illuminated animals forming a grandiose trail of glittering lights. Christmas music, decorated trees, and Santa Claus are also part of the experience. Plus, those still shopping for Christmas gifts can find an array of beautiful options at the on-site Christmas Market until December 22.</p><p><a href="https://parcsafari.com/festival-feerie/" target="_blank">Parc Safari Website</a></p><h3>Light Magic in Laval</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/reel/DDIi9dgRJEF/?utm_source=ig_embed&ig_rid=7a5ea5f2-a9fc-4500-aaa3-21a88c682549" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/reel/DDIi9dgRJEF/?utm_source=ig_embed&ig_rid=7a5ea5f2-a9fc-4500-aaa3-21a88c682549" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: Free</p><p>When: Nightly until December 20, from 5 p.m. – 10 p.m.</p><p>Address: Trévi Laval – 1805, autoroute Jean-Noël-Lavoie, Laval, QC</p><p>Why You Need To Go: On Montreal’s North Shore, Trévi’s Féérie de lumières invites you to stroll along a trail adorned with a dozen brightly-shining sculptures — and best of all it's totally free! On weekends, you can enjoy complimentary hot chocolate as well as Christmas music while basking in the presence of Santa Claus, setting the ultimate holiday ambiance. This event is also an opportunity to support Moisson Laval’s Christmas basket campaign so check your pantry and bring non-perishable food items to donate to the food bank.</p><p><a href="https://www.facebook.com/PiscinesTrevi" target="_blank">Trevi Facebook Page</a></p><h3>Onhwa' Lumina</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CnAnlU2vjm1/?utm_source=ig_embed&ig_rid=821d80c2-c388-4c93-b857-5243de9a8310" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CnAnlU2vjm1/?utm_source=ig_embed&ig_rid=821d80c2-c388-4c93-b857-5243de9a8310" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $31.50 per adult</p><p>When: Year-round, depending on available time slots</p><p>Address: Onhwa' Lumina - 110, rue Grand Chef Thonnakona, Wendake, QC</p><p>Why You Need To Go: Designed by Moment Factory, this luminous trail near Quebec City takes you on an immersive 1.2 km night walk celebrating the culture of the Huron-Wendat Nation. Under the starry skies, you'll encounter captivating multimedia projections, transcendent installations and the ancestral rhythm of stories and song, as you're transported on a collective adventure "rich with emotion" and connection, as per the Onhwa' Lumina website.</p><p><a href="https://onhwalumina.ca/" target="_blank">Onhwa' Lumina Website</a></p><h3>Boulevard Monk Light Trail</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C0b1AAZrkgo/?utm_source=ig_embed&ig_rid=771d9a93-59aa-4dd6-a9e3-795f6bd96a20" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C0b1AAZrkgo/?utm_source=ig_embed&ig_rid=771d9a93-59aa-4dd6-a9e3-795f6bd96a20" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: Free</p><p>When: Until January 10</p><p>Address: </p><ul><li>Parc Garneau – Rue du Parc-Garneau, Montreal, QC</li><li>Parvis De Biencourt – Rue De Biencourt, between Monk Boulevard and Briand Street, Montreal, QC</li></ul><p>Why You Need To Go: Accessible by Metro, this urban trail of lights lets you experience a little bit of holiday magic right, without leaving the city, thanks to illuminated parks located close to Monk station. Don't forget to bring a camera and your favourite people so you snap stunning shots with the folks who matter most. Grab a hot chocolate and go for a stroll — this is your chance to dive full-force into the festive season!</p><p><a href="https://noelmontreal.ca/en/home/" target="_blank">Montreal Christmas Markets Website</a></p><h3>Holiday Light Stroll at Saunders Farm</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C1LdzzFtSvH/?utm_source=ig_embed&ig_rid=107c50b1-40a6-4fca-bb10-2537d8d6429e" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C1LdzzFtSvH/?utm_source=ig_embed&ig_rid=107c50b1-40a6-4fca-bb10-2537d8d6429e" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $25 per person</p><p>When: Weekends until December 30 (inclusive)</p><p>Address: Saunders Farm – 7893 Bleeks Street, Ottawa, ON</p><p>Why You Need To Go: Saunders Farm transforms into a true Christmas village until December 30. As you wander through illuminated tunnels, a candy cane world, an ice grotto and other breathtaking settings, you'll feel like you've travelled to another planet, making it well worth the two-and-a-half-hour road trip.</p><p><a href="https://saundersfarm.com/holiday-light-stroll/" target="_blank">Saunders Farm Website</a></p><h3>Illuminated Village at Village Québécois d’Antan</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/Cme7hOcvamx/?utm_source=ig_embed&ig_rid=45296710-29cb-4531-ab97-b7e72a9093b9" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/Cme7hOcvamx/?utm_source=ig_embed&ig_rid=45296710-29cb-4531-ab97-b7e72a9093b9" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $35 per adult; $20 per child (ages 3–7)</p><p>When: December 7, 14, 20–24, and 26–31 (closed December 25), 5 p.m. – 10 p.m.</p><p>Address: Village Québécois d’Antan – 1425, rue Montplaisir, Drummondville, QC</p><p>Why You Need To Go: Until the end of the year, Village Québécois d’Antan in Drummondville invites you to discover its snowy streets adorned with twinkling lights and thousands of garlands jazzing up the surrounding trees, houses, and buildings. In addition to exploring the site and shopping at the Christmas market, you'll meet mythical characters, dance to traditional music and — for the brave among you — even join in a snowball fight.</p><p><a href="https://villagequebecois.com/" target="_blank">Village Québécois d’Antan Website</a></p><h3>Alight at Night at Upper Canada Village</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/DDLRPoatQ6E/?utm_source=ig_embed&ig_rid=6a6cb3b4-cd35-4a5d-bc20-8bfa26a4fa03" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/DDLRPoatQ6E/?utm_source=ig_embed&ig_rid=6a6cb3b4-cd35-4a5d-bc20-8bfa26a4fa03" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: $17 per person (ages 13+)</p><p>When: Until January 4 from 5 p.m. – 9 p.m., depending on available time slots</p><p>Address: Upper Canada Village – 13740 County Rd 2, Morrisburg, ON</p><p>Why You Need To Go: Over a million tiny bulbs light up the night, creating a vibrant display that enhances this charming heritage village. Here, you can soak up the holiday spirit by enjoying festive stories, playing themed games, watching a captivating sound and light show, riding a miniature train, and singing Christmas carols. Best of all, it's just a two-hour drive from Montreal.</p><p><a href="https://www.uppercanadavillage.com/event/alight-at-night/?gad_source=1&gclid=Cj0KCQiAsOq6BhDuARIsAGQ4-zhuRRhWOTUE-_2Lm53kSUkgdHlvGWaGcTTYYPx2T16-q9pi9Juev38aAllqEALw_wcB" target="_blank">Upper Canada Village Website</a></p><p><em>This story was adapted from the article "<a href="https://www.narcity.com/fr/montreal/parcours-lumineux-pres-montreal-hiver">8 parcours lumineux absolument magiques qui valent le road trip à 2h30 ou moins de Montréal</a>," which was originally published on Narcity Québec by Noémi Lincourt.</em></p><p><em>Before you get going, check out our <a href="https://www.mtlblog.com/responsible-travel-guidelines" target="_blank">Responsible Travel Guide</a> so you can be informed, be safe, be smart, and most of all, be respectful on your trip.</em></p>
