Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.

Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence other policies of foreign countries.

Ernie Tedeschi of The Budget Lab at Yale breaks down the tariff revenues released by the Trump's administration. He also discusses the Fed's dilemma as they balance future supply and demand side risks which are trending towards the upside.

Trump announced the United States would impose new tariffs on imports from several additional countries as part of his drive to reduce the trade deficit and promote fair trade.

That's how many nations have so far received letters from President Trump setting new tariff levels from the start of August. Here is who received [letters Monday](

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's ongoing assault on international trade.

Live updates and the latest news as the Trump administration is expected to announce new trade actions and Pete Hegseth and Benjamin Netanyahu meet