Part 2/16:
One of the week’s focal points was the United States' approach to tariffs under President Donald Trump. On the eve of August 1, Trump announced a 50% tariff on copper imports, signaling his administration’s intent to leverage tariffs as a means of paying for increased domestic spending. This move follows earlier tariffs on steel, aluminum, lumber, and autos, all part of an overarching strategy to reshape global trade dynamics.