President Donald Trump announced a 50% tariff on certain copper imports starting Friday, the same day the widespread “Liberation Day” duties are scheduled to kick in.
In a flurry of trade news on Wednesday, Trump hit Brazil with a 40% tariff rate, announced 25% tariffs on India, and revealed an oil and trade deal with Pakistan. The White House also revoked a global tariff exemption for small packages known as the de minimis exemption.
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Starting Aug. 29, all imported packages sent by mail or postal network valued at under $800 will be subject to duties to end the “big scam” of de minimis shipments that hurt U.S. businesses, according to the White House.
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