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The Guardian - US
The Guardian - US
World
Callum Jones in New York

Trump threatens to escalate trade war amid confusion over new tariff rates

United States Donald Trump copper
a man in a navy suit, red tie and wearing red hat speaks into a microphone
Donald Trump speaks in Des Moines, Iowa, on Thursday. Photograph: Scott Olson/Getty Images

Donald Trump vowed to further escalate his trade wars on Tuesday, threatening US tariffs of up to 200% on foreign drugs and 50% on copper, amid widespread confusion around his shifting plans.

Hours after saying his latest deadline for a new wave of steep duties was “not 100% firm”, the US president declared that “no extensions will be granted” beyond 1 August.

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