President Donald Trump said a new 50% tariff on all copper imports will come Tuesday. However, he did not specify when the new tariff would take effect.

The U.S. will impose 50% tariffs on copper, President Trump said during a Cabinet meeting on Tuesday, adding that an action on imports of the metal would be announced today. The U.S. will also soon impose tariffs of up to 200% on pharmaceuticals,

President Donald Trump said he would not offer any extensions for the implementation of increased tariffs on many goods imported into the US, pledging that new rates would hit at the beginning of August.