The Damage Report
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Trump Tariff Plot ESCALATES With Massive Price Surge In Alarming Medical Disaster
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July 12, 2025
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8:03Now PlayingDonald Trump's disastrous tariff chaos escalates with announcement on tariffs for copper imports and his plot to put colossal tariffs on pharmaceuticals, which if enacted, would result in the already high prices on critical drugs and medications skyrocketing for the American public. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals
"President Donald Trump said Tuesday he’s imposing a new 50% tariff on all copper imported into the US. However, it’s unclear when the new tariff would take effect.
“Today we’re doing copper,” he said at a Cabinet meeting, adding that he believed the rate will be 50%.
This would mark the fourth across-the-board tariff Trump has imposed during his second term. Currently, most imported cars and car parts face a 25% tariff, while imported steel and aluminum both face 50% tariffs.
The White House didn’t immediately respond to CNN regarding Trump’s timeline for imposing copper tariffs."
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