Trump said on Tuesday that he would impose a 50% tariff on copper. Though the remarks were light on specifics, his comments sent the metal to all-time highs.

Chilean copper miner Antofagasta sees opportunity for its stalled copper project in the U.S. following President Donald Trump's move to impose 50% import tariffs on the metal, CEO Ivan Arriagada said on Thursday.

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

Copper and pharmaceuticals are getting hit with the tariff stick and the price is steep says President Trump who is promising more trade deals. Stocks remain volatile amid the uncertainty, but investors are piling into Nvidia lifting its market cap to new record.

U.S. President Donald Trump's plans to impose 50% tariffs on copper would include semi-finished products such as those used for power grids, the military and data centers, Bloomberg News reported on Thursday,

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

"This is yet another escalation in Trump's trade war that puts Canadian jobs and entire industries at risk," said Marty Warren, USW National Director. "Copper is critical to Canada's economy, from mining and smelting to manufacturing,

U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide.