The United States will introduce 50% tariffs on all goods imported from Brazil starting on August 1, President Donald Trump announced on July 10 on his Truth Social platform. The new measures also include a 50% duty on all copper imports to the US.

The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium ion batteries and more.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.