Trump's Trade War: Tariffs on Copper and Temu/Shein

US President Donald Trump is escalating the trade war by imposing new tariffs. Specifically, he signed a 50% tariff on copper imports, causing the metal's price to fall. He also eliminated the tariff exemption for low-value imports (under $800), affecting companies like Temu and Shein.

The copper tariff, effective Friday, caused an immediate price drop of up to 18%. The elimination of the de minimis exemption, effective August 29, aims to address tariff avoidance and the import of dangerous substances, according to the White House.

Analysts warn of a potential increase in the cost of products using copper and the impact on consumption.