The order entails an additional 40% tariff on the 10% duties already being levied, but energy products would be exempt.

President Donald Trump signed executive actions on Wednesday imposing a 50% tariff on Brazil, a 50% tariff on certain copper products and suspending a tax perk for all countries that allowed cheap packages to fly into the US duty-free.

The president also touted agreements over hundreds of billions of dollars in foreign investment into the United States.