CPER Sinks as China, Dollar Tariffs Weigh on Copper
This recent dip in spot copper prices, which began July 3, comes after a period of robust performance, leaving many to wonder about the immediate future for the bellwether commodity.
The current weakness in copper can be attributed to a confluence of factors, including resurfacing trade tensions, a notable buildup in inventories and a softening of short-term demand.
Several immediate catalysts are contributing to the recent downtrend in copper prices, weighing on the CPER ETF, which tracks copper futures contracts and provides convenient access to the metal's price movements.
Renewed tariff tensions and heightened trade policy uncertainty are casting a long shadow. Reports suggest that the looming prospect of U.S. tariffs, with deadlines approaching, is causing industrial players to exercise caution, potentially leading to reduced inventory accumulation and a deferral of capital expenditures. This "wait-and-see" approach translates directly into a temporary slowdown in demand for copper.
There's been a noticeable increase in global copper inventories, particularly at major Chinese ports. Data indicate a substantial week-over-week rise in nationwide copper inventories in early July. When supply in warehouses grows significantly faster than immediate consumption, it naturally puts downward pressure on prices, regardless of long-term fundamentals. This inventory buildup reflects not only increased import volumes but also a weakening in short-term consumption.
While the U.S. dollar has weakened in 2025, it's inched 1% higher since July 3, as copper is primarily traded in U.S. dollars on global markets and a stronger dollar makes the commodity more expensive for international buyers using other currencies. This effectively dampens global demand, contributing to price declines. Recent U.S. economic data, such as robust employment reports, can bolster the dollar, inadvertently putting pressure on dollar-denominated commodities like copper.
Despite the current short-term headwinds, the long-term outlook for copper remains overwhelmingly bullish, driven by powerful structural trends. The most significant factor is the global energy transition. Copper is an indispensable component in nearly all green technologies, from electric vehicles (EVs), which use significantly more copper than traditional internal combustion engine vehicles, to renewable energy infrastructure like solar panels and wind turbines.
The vast expansion of electrical grids, necessary to support increased electrification and intermittent renewable energy sources, also demands colossal amounts of copper. Furthermore, the burgeoning demand from data centers to power artificial intelligence infrastructure represents another rapidly growing area of copper consumption.
Beyond demand, the supply side faces inherent constraints. Developing new copper mines is a capital-intensive, time-consuming process, with lead times from discovery to production often stretching well over a decade.
The recent decline in spot copper prices, reflected in ETFs like CPER, highlights the inherent volatility of commodity markets. While immediate factors such as trade uncertainty, inventory surges and seasonal demand weakness are influencing the current pullback, investors should remember that the industrial metal is also supported by powerful, long-term secular growth drivers.
As with any metal or commodity investment, understanding both the short-term catalysts and the long-term fundamentals while recognizing the speculative nature of spot prices is crucial for making informed investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in ETFs involves risks, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.
At the time of publication, Kent Thune did not hold a position in any of the aforementioned securities.Permalink | © Copyright 2025 etf.com. All rights reserved
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Trump tariffs live updates: Trump says he won't extend August 1 deadline after letters to Japan, South Korea, others
President Trump ramped up his tariff threats on Tuesday with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1. "There has been no change to this date, and there will be no change," Trump wrote. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted." Trump's renewed firmness on that deadline came after he posted a flurry of letters warning world leaders, threatening to impose tariffs similar to those he announced in April. On Monday, Trump posted 14 letters from countries, including South Africa, Malaysia, and Thailand, outlining tariffs ranging from 25% to 40%. The moves highlighted the topsy-turvy nature of the president's trade policy, which now theoretically allows more time for negotiation. Since Trump's April pause, the US has only clinched trade deals with the UK and Vietnam thus far, as well as a framework with China. Meanwhile, China warned Trump on Tuesday against restarting trade tensions and that it would hit back at countries that make deals with the US to exclude China from supply chains. Last month, the US and China agreed on a trade framework to ease tensions, but many details remain vague. Investors are now waiting to see if this agreement can withstand a new round of trade brinkmanship. "One conclusion is abundantly clear: dialogue and cooperation are the only correct path," the official People's Daily said in a commentary, referring to the exchanges in the current round of China-US trade tension. Here is where things stand with various other partners: Vietnam: The deal with Vietnam will see the country's imports face a 20% tariff — lower than the 46% Trump had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China. European Union: The EU has signaled it is willing to accept a 10% universal tariff on many of its exports but is seeking exemptions for certain sectors. The bloc is reportedly racing to clinch a deal this week. Canada: Canada has scrapped its digital services tax that was set to affect large US technology companies. The White House said trade talks between the two countries had resumed, with a deal by mid-July in focus. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!" Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!" Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Trump tariffs live updates: China sends new trade warning after Trump letters to Japan, South Korea, others
China warned President Trump on Tuesday against restarting trade tensions and that it would hit back at countries that make deals with the US to exclude China from supply chains. Last month, the US and China agreed on a trade framework to ease tensions, but many details remain vague. Investors are now waiting to see if this agreement can withstand a new round of trade brinkmanship. "One conclusion is abundantly clear: dialogue and cooperation are the only correct path," the official People's Daily said in a commentary, referring to the exchanges in the current round of China-US trade tension. China's latest warning comes after Trump posted a flurry of letters warning world leaders, threatening to impose tariffs similar to those he announced in April. On Monday, Trump posted 14 letters from countries, including South Africa, Malaysia, and Thailand, outlining tariffs ranging from 25% to 40%. Trump ramped up his tariff threats on Tuesday with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1. "There has been no change to this date, and there will be no change," Trump wrote. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted." The White House said Trump signed an executive order on Monday delaying the implementation of those tariffs, as well as the sweeping "reciprocal" tariffs on most trade partners, to Aug. 1. The moves highlighted the topsy-turvy nature of the president's trade policy, which now theoretically allows more time for negotiation. Since Trump's April pause, the US has only clinched trade deals with the UK and Vietnam thus far, as well as the framework with China. Here is where things stand with various other partners: Vietnam: The deal with Vietnam will see the country's imports face a 20% tariff — lower than the 46% Trump had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China. European Union: The EU has signaled it is willing to accept a 10% universal tariff on many of its exports but is seeking exemptions for certain sectors. The bloc is reportedly racing to clinch a deal this week. Canada: Canada has scrapped its digital services tax that was set to affect large US technology companies. The White House said trade talks between the two countries had resumed, with a deal by mid-July in focus. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter! Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter! Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
The 10 Best Prime Day Walking Pad Deals, As Recommended By Our Editors
Amazon Prime Day 2025 is officially underway, and some of the best deals we've spotted so far are on walking pads and under-desk treadmills. These compact machines make it easy to stay active indoors, whether you're working in your office, catching up on TV or simply want to get more daily steps in as temperatures rise. The best Prime Day walking pad deals include 20% off the Goplus 2-In-1 Treadmill, a stable and powerful pick tested and loved by our editors. Other popular walking pads are marked down even more, like the lightweight and easy-to-move Urevo Under Desk Treadmill—now 37% off. Two women walking on popular walking pads against a yellow background Illustration: Forbes / Image: Retailers Our team reviewed dozens of Prime Day deals and rounded up 10 walking pads that are truly worth your money. We also checked each product's price history to ensure you're getting real discounts—not just inflated markdowns. From compact designs to quiet, low-decibel models, these are the best walking pad deals available right now. Urevo Under Desk Treadmill: Now $157, Was $250 (37% Off) Sperax Walking Vibration Pad: Now $159, Was $210 (24% Off) Akluer Walking Pad With Incline: Now $100, Was $190 (47% Off, With Coupon) Wellfit Walking Pad: Now $219, Was $350 (38% Off) Bifuano Walking Pad: Now $86, Was $110 (22% Off) Goplus 2-In-1 Treadmill: Now $256, Was $320 (20% Off) WalkingPad P1 Folding Walking Pad: Now $318, Was $399 (20% Off) Hccsport Walking Pad With Removable Desk: Now $350, Was $470 (26% Off) Lacuffy Walking Pad: Now $112, Was $140 (20% Off) Urevo Smart 2-In-1 Folding Treadmill: Now $209, Was $290 (28% Off) MOST POPULAR This 45-pound treadmill from Urevo features an extra-large belt and two built-in shock-absorbing cushions along the center to reduce impact. It supports users up to 265 pounds and includes a remote control that conveniently docks at the front of the machine for charging and easy storage. Front wheels make it easy to move and store when not in use. Right now, you can get it for 33% off. The Sperax 3‑in‑1 Vibration Walking Pad merges walking and vibration into a compact under‑desk treadmill. Its 2.5 HP motor reaches speeds of up to 3.8 mph, while the LED console tracks your key stats—speed, time, distance and calories. Four vibration modes offer a post-walk massage to ease muscle soreness and help with recovery. The space-conscious design supports up to 350 pounds, but weighs just about 27 pounds, with a slim 3.5-inch profile that makes it easy to slide under a desk or sofa. This manual incline walking pad from Akluer is designed to help you burn more calories without spending extra time. It features a layered running belt with 10-point shock absorption for a smoother, joint-friendly stride. And with a low profile of just 3.8 inches, it slides effortlessly under a bed or couch for quick, clutter-free storage. Clip the extra coupon at checkout and you'll get it for the lowest price we've seen. This Wellfit 2‑in‑1 treadmill is powered by a quiet-yet-punchy 2.5 HP motor that supports speeds up to 7.6 mph and inclines up to 6%. It converts effortlessly from under‑desk walking pad to full‑size treadmill, and has a shock‑absorbing belt, LED display and wheeled frame that makes it easy to move out of the way when you're not using it. Right now, you can get it for 30% 0ff—the lowest price we've seen. Powered by a 2.25 HP motor, this walking pad from Bifanuo maxes out at 4 mph, making it ideal for walking while working. A multi-functional LED display shows stats like time elapsed, calories burned and distance, while the included remote lets you operate the treadmill without reaching down—a great feature for under-desk use. The Superfit 2-in-1 walking pad is a compact treadmill that easily shifts between walking and running modes. It features dual LED displays, a quiet motor and a shock-absorbing belt. Right now, it's available for 20% less than its usual asking price. The WalkingPad P1 is a sleek, foldable option that's easy to store, featuring a minimalist aluminum frame and a low-profile deck. Adjustable speed settings make it ideal for everything from strolls to brisk walks. Save $81 on the model during Prime Day. This powerful, versatile machine serves as a desk treadmill, folding treadmill and portable walking pad. It includes a removable work surface and incline settings, plus built-in shock absorption. Save 26% on the model during Prime Day. This quiet, adjustable treadmill is perfect for walking, jogging or running at home or in the office. During Prime Day, it's 20% off, making it an even smarter buy. The UREVO walking treadmill offers two workout modes and app connectivity for tracking your progress. It's compact and quiet, with a remote control and easy storage. During Prime Day, it's 28% off.
