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Latest escalation in trade war is expected to push up costs across key parts of US economy
Copper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation in his trade war.
Trump said before a cabinet meeting on Tuesday: “Today we’re doing copper,” proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or year and a half’s time.
Agencies protecting coal miners from hazards such as ‘black lung’ among those gutted by government cuts
The Trump administration’s efforts to expand coal mining while simultaneously imposing deep cuts to agencies tasked with ensuring miner health and safety has left some advocates “dumbfounded”.
Agencies that protect coal miners from serious occupational hazards, including the condition best known as “black lung”, have been among those affected by major government cuts imposed by the White House and the unofficial “department of government efficiency” (Doge) run by the billionaire Elon Musk.
Ethical doubts over role of campaign backers and investors with financial ties to president worth hundreds of millions
Some of Donald Trump’s biggest campaign donors and investors, who collectively have hundreds of millions of dollars in financial ties to the US president, are positioned to potentially profit from any American takeover of Greenland, raising even more ethical questions around Trump’s controversial pursuit of the Arctic territory.
The administration is in part aiming to secure rare minerals that are essential for the US tech industry and national security, and to potentially reopen oil and gas exploration: “This is about critical minerals, this is about natural resources,” Trump’s national security adviser, Mike Waltz, recently said.