Funding & Business

Trump Says 50% Levy on Copper to Take Effect Aug. 1

Published

9 hours ago

July 10, 2025

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)

Source link

Funding & Business

GoTo Shares Are Tipped for Rebound After $2.2 Billion Selloff

Published

56 minutes ago

July 11, 2025

Hoi Yuet Woo

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.

Source link

Funding & Business

Gold Holds Two-Day Rise With Tariffs and Interest Rates in Focus

Published

1 hour ago

July 11, 2025

Sybilla Gross

Gold steadied after a two-day climb as traders focused on tariff threats from President Donald Trump and the outlook for US monetary policy.

Source link

Funding & Business

Jane Street Fallout Hits Top India Bourse’s Pre-IPO Valuation

Published

2 hours ago

July 11, 2025

Ashutosh Joshi

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.

Source link