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

Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.

Upending the Copper Market President Trump announced a 50% tariff on copper imports on July 8, aligning it with existing tariffs on steel and aluminum, as part of a strategy to bolster domestic industries and strengthen trade negotiations.