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The construction worker moves the copper pipe to the water position on February 26, 2025 to New York.
Robert Nickelsberg | Gets the image
US President Donald Trump announced on Tuesday that copper and pharmaceutical imports would face tariffs of 50% and up to 200% respectively.
After the S&P 500 news, which got several records last week, stopped and closed mostly flat.
Given this, this is a muted reaction to such hefty tariffs, believing that investors either tear Trump’s tariffs as hollow threats, or reducing the consequences they could exert inflation and economics.
Such self -reproach can be a mistake as some observers about the market alert. It also reflects the position of the White House on the tariffs, which may not be the position that investors want to take.
On Tuesday, Stephen Miran, Chairman of the Trump Economic Advisers Council, said CNBC “Box for Squawk“What is the chances of tariffs that lead to raising prices are” rare event “as”pandemics either either meteor or anything“
“I don’t mean being contemptuous,” Miran said. “Everything I mean is that prediction is difficult and we should always talk in terms of chances and opportunities.”
There is 0.004% chances for the recording on an asteroid that will fly near Earth in 2023, applying our planet, reports NBC NEWS.
What do you need to know today
New copper tariffs and pharmaceuticals. Import copper will attract 50% duty While pharmaceuticals will obey Tariffs up to 200%Said Trump on Tuesday. He did not specify when they take effect but said the latter could run for a year and a half.
US stocks were mostly unchanged. On Tuesday, S&P 500 and Nasdaq Composite closed around the flat linewhile Dow Jones Industrial Medium slipped 0.37%. A Stoxx Europe 600 rose by 0.41% after Sitining in the afternoon.
Elon Musk pounces on Tesla Bull. Dan Jus Wedbush Securities, which may be the analyst who is most bullies Teslaproposed three recommendations To the Tesla Council, including the “surveillance” of Moscow’s political activity. Musk replied “Silent, and”.
Shein Files for Hong Kong IPO. Confidential filing giant fast fashion filed last week move forward in the London lists of ambitions. According to Financial Times.
(Pro) Markets refuse to listen to Trump. The latest tariff ads from the White House still caused a muted reaction in the US markets. Some observers about the market are concerned about this Investors are too optimistic.
And finally …
Washington, Colombia District -July 7: Assistant Page from a letter to Japan and South Korea, signed by US President Donald Trump, announcing 25% tariffs, starting on August 1, during a daily press press -press -rally in the White House on July 7 in Washington.
Andrew Harnica | Getty Images | Gets the image
Global Stock Markets Called Bleff Trump on Tariffs
On Monday, Trump hit punitive rates on 14 trading partners – but world markets are still abandoning a new policy. The Asia-Pacific capital markets had a muted response, and the European stock markets closed on Tuesday.
According to Tony Miduz, the head of the investment in the London management of the Wealth Management – but he suggested that some investors can independently.
– Jenny Ray and Chloe Taylor
