President Donald Trump said a new 50% tariff on all copper imports will come Tuesday. However, he did not specify when the new tariff would take effect.

President Donald Trump said on Tuesday he will announce a 50% tariff on copper later in the day, aiming to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

U.S. copper prices surged to an all-time high Tuesday after President Trump said he planned to slap imports of the metal with a 50% tax, lifting futures contracts by 13% in the largest single-day increase in records going back to 1968,

Live updates and the latest news as Benjamin Netanyahu visits Capitol Hill following his meeting with Trump yestrday on Iran and Gaza

During their meeting, Netanyahu gave Trump a letter that the Israeli prime minister said he had used to nominate the U.S. president for the Nobel Peace Prize. Trump, appearing pleased by the gesture,