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Copper Market Turmoil Amid Trump's Touting 50% Tariff
Bloomberg Television· 2025-07-09 06:04
Anson, how big a moment is this then, in the metal market that you have covered for a number of years. Of course. It's a very big moment.I think Jill, who was speaking earlier, is absolutely right. This 50% tariff on copper was well telegraphed. Trump's been talking about putting levies on imports of copper since February.He said he wants to bring copper home. Make of that what you will. But the 50% level is what is the surprise here.The market was really pricing in and analysts were broadly expecting a 25% ...
Trump Hardens Tariff Threats on Copper, Drugs
Bloomberg Television· 2025-07-09 05:45
There was a flurry of comments, of course, in Cabinet yesterday from the president and some posts on social media. But moving the markets certainly in the mental space is copper. What does it mean.The 50% threat in tariffs on copper imports into the US for that market. Yes, Tom, this is quite significant. I will point out, first of all, this has been fairly highly telegraphed.We have heard rumblings from Trump in the past about potential tariffs on copper. But I do think this marks, if he goes ahead with tr ...
Lawrence: The public knows Trump is lying about tariffs. Why doesn't the White House press corps?
MSNBC· 2025-07-09 03:45
Presidency & Press Corps - The analysis suggests the current US presidency is perceived as exceptionally unintelligent, surpassing even fictional portrayals, and is accompanied by what is considered an equally inept White House press corps [1] - The report claims the White House press corps has become complicit accessories to the president, both in a criminal and a fashion sense, used to evade questions and disseminate misinformation [1] - The analysis highlights an instance where the president responded to a question with "I don't know, why don't you tell me?", which the author views as evidence of the president's stupidity and the press corps's failure to hold him accountable [1][2][3] - The report points out that some reporters who are considered aggressive towards previous administrations have altered their behavior to maintain access to the current White House, compromising their journalistic integrity [2] Tariffs & Economic Impact - The analysis asserts that the White House press corps consistently fails to challenge the president's false claims about tariffs, specifically the notion that foreign countries pay them [4][5] - The report emphasizes that tariffs are paid by American companies in American dollars, ultimately increasing costs for American consumers [4] - The analysis references the Smoot-Hawley tariffs of 1930, enacted by Republicans, as a historical example of tariffs exacerbating the Great Depression, contradicting the president's alleged misrepresentation of history [4][5] - A poll indicates that 81% of Americans are concerned about the impact of tariffs on their personal finances, suggesting a disconnect between public awareness and the press corps's understanding of the issue [5]
X @Bloomberg
Bloomberg· 2025-07-08 21:04
A group of small businesses that won an order finding President Donald Trump’s sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies. https://t.co/CGrp2gtqDs ...
A Slow Start to Amazon's Prime Day
Bloomberg Technology· 2025-07-08 20:12
Tariffs and Uncertainty - Tariffs and ongoing negotiations create uncertainty, leading businesses to be cautious about inventory and discounting strategies [1][2] - Companies are navigating tariffs differently, with some offering deep discounts while others are more conservative [6] Prime Day Strategy - Amazon extends Prime Day to four days, potentially to compete with rivals like Walmart and Target who have longer sales events [3] - Amazon aims to compete with Walmart and Target on everyday essentials, including groceries [3][4] Discounting Trends - Apple is offering very deep discounts, even surpassing some Black Friday deals from the previous year [4][5] - Discounts on Amazon's own devices, such as Echo speakers, are relatively soft compared to Apple's discounts [6]
X @Bloomberg
Bloomberg· 2025-07-08 20:10
The tariffs imposed by President Donald Trump represent the most significant protectionist shift in the US in almost a century — even with the various pauses, reductions and exemptions that have been announced.Here's what you need to know https://t.co/Cp80y6d6r3 ...
X @BBC News (World)
BBC News (World)· 2025-07-08 19:30
US will hike tariffs on copper to 50%, Trump says https://t.co/uXvO2Zddo3 ...
X @The Wall Street Journal
What’s happening with so-called reciprocal tariffs? Which countries did President Trump send tariffs letters to?Here’s the latest on the president’s levies, some of which he again postponed Monday: https://t.co/DekANQxtsD ...
X @Cointelegraph
Cointelegraph· 2025-07-08 16:00
🇺🇸 JUST IN: Trump has confirmed that tariffs will begin on August 1, 2025, with no extensions or changes to the date. https://t.co/qebwWzMKjW ...
What to know about how tariffs could impact Prime Day deals
CNBC Television· 2025-07-08 15:33
Well, every year the big question for shoppers is how good are those Prime Day discounts. And while it's always hard for me to answer for a variety of reasons, the possible tariff influence this year makes it even murkier. So, Amazon CEO Andy Jasse told our Jim Kramer that prices have not gone up appreciably due to tariffs on his site.However, several outside pricing analyses suggest that's not true for every item. So, Commerce IQ says an analysis of 57,000 SKUs on Amazon shows the average selling price did ...