The planned 50% tariff on copper imports may turn out to be the biggest own goal of U.S. President Donald Trump's ongoing trade war with the rest of the world.

The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump's constantly evolving trade agenda.

President Trump said Tuesday that an ongoing investigation of tariffs on copper will end with 50% duties on the metal, and he threatened 200% tariffs on pharmaceuticals.

Peru's economy is projected to have expanded just under 3% in the second quarter of 2025, central bank chief economist Adrian Armas said on Friday, adding that this remained in line with the bank's forecasts of 3.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

Donald Trump has revived his threat to hit major trading partners with steep “reciprocal” tariffs even as he granted a three-week reprieve for countries to negotiate trade deals with the US.

Copper shipments into the United States are expected to accelerate in the coming weeks in a final scramble to get metal across the border before U.S. President Donald Trump's higher than expected 50% tariff on imported copper takes effect.