Trump Targets China Again with Tariffs on Drugs and Copper, Analyzing the Impact on Industries
After notifying 14 countries of equivalent tariff rates, President Trump has taken further action by imposing additional tariffs on imports of drugs and copper.
Since China heavily relies on the U.S. market for drug exports, this move is interpreted as a direct strike against China. While not a stronghold in copper mining, China's refining capacity dominates the global market, with most refined copper imported by the U.S. coming from China.
This wave of industry tariffs not only affects China but also has significant repercussions for mineral-rich countries in Africa and Latin America, which find themselves entangled in this trade dispute.
