Funding & Business
Trump Says 50% Levy on Copper to Take Effect Aug. 1
President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.
The higher-than-expected levy was signaled by Trump in comments to reporters on Tuesday, but the president took to Truth Social late Wednesday to confirm the start date — and blamed previous administrations for the decline of America’s copper clout.
“This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity,” Trump said. “America will, once again, build a DOMINANT Copper Industry.”
Bloomberg’s Joe Deaux reports. (Source: Bloomberg)
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Funding & Business
GoTo Shares Are Tipped for Rebound After $2.2 Billion Selloff
Southeast Asia’s worst-performing tech stock this year is poised to rebound as it makes strides toward sustained profits and its fintech business provides plenty of upside potential, analysts say.
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Funding & Business
Gold Holds Two-Day Rise With Tariffs and Interest Rates in Focus
Gold steadied after a two-day climb as traders focused on tariff threats from President Donald Trump and the outlook for US monetary policy.
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Funding & Business
Jane Street Fallout Hits Top India Bourse’s Pre-IPO Valuation
A temporary trading ban imposed by India’s securities regulator on Jane Street Group LLC is fueling concerns that volumes in the nation’s bustling derivatives market may drop, hurting business at the top exchange.
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