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The Asset ObserverThe Asset Observer
Home»Equities
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Trump confirms copper tariffs and punishes Brazil with 50% levies

News RoomBy News RoomJuly 10, 2025
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The two moves were confirmed on his social media on Wednesday (9 July) night.
In a letter sent to Brazilian President Luiz Inacio Lula da Silva, Trump said the levies came into force partly because of Brazil’s “insidious attacks on free elections, and the fundamental free speech rights of Americans”.
Trump’s 50% tariff threat sends copper prices to record highs

The letter also referenced “the way that Brazil has treated former President [Jair] Bolsonaro” who is facing prosecution over allegations that he contributed to a plot to overturn the 2022 election.
In addition to Br…

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