Copper tumbles globally after Trump's 50% tariff call
Copper prices dipped on the London Metal Exchange and Shanghai Futures Exchange following U.S. President Trump's announcement of a 50% tariff on copper. This move effectively ends the arbitrage trade that had been drawing copper into the U.S., causing Comex inventories to surge.
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NDTV
16 minutes ago
- NDTV
US Imposes 17% Duty On Mexican Fresh Tomatoes
The United States is imposing antidumping duties on most imports of fresh tomatoes from Mexico, the US Commerce Department said Monday as Washington alleged its neighbor engaged in unfair trade. The duties, set at 17.09 percent, come after Washington moved to terminate a 2019 agreement that staved off such charges. "Mexico remains one of our greatest allies, but for far too long our farmers have been crushed by unfair trade practices that undercut pricing on produce like tomatoes. That ends today," Commerce Secretary Howard Lutnick said in a statement. "This rule change is in line with President (Donald) Trump's trade policies and approach with Mexico," he said. Mexico is a dominant supplier of US fresh tomato imports, and the US Commerce Department said that antidumping duties are calculated to measure the percentage by which Mexican tomatoes were sold in the country at "unfair prices." The United States had announced it was withdrawing from the tomato agreement in April, arguing that the action was meant to help American tomato growers compete fairly. But observers have expressed concern that the duties could cause a spike in tomato prices. On Monday, the Mexican government said it was working with tomato producers to limit the effects of the 17 percent duty. "We are working together to minimize the impact," President Claudia Sheinbaum said at her regular morning press conference, without giving details. Other Mexican government officials called the tomato tariff unfair and warned the move will ultimately harm Americans. The measure goes "against the interests not only of Mexican producers but also of the US industry," officials said in a joint communique from the Mexican ministries of economy and agriculture. The antidumping duties are the latest blow to trade after Trump this year introduced wide-ranging tariffs on partners including Mexico. After returning to the White House in January, Trump swiftly targeted Mexican goods with a 25 percent tariff -- although he eventually exempted products covered by the US-Mexico-Canada free trade agreement signed during his first term. Over the weekend, Trump threatened to raise the levy to 30 percent on August 1, as he pushes for a re-negotiation of the trade relationship. Mexico is one of the economies most vulnerable to US tariffs and duties, with 80 percent of its exports destined for its northern neighbor -- which is also its largest trading partner. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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Business Standard
20 minutes ago
- Business Standard
Stock Market LIVE: GIFT Nifty muted; Asia mixed; China Q2 GDP, Q1 nos. eyed
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News18
27 minutes ago
- News18
Capricorn Horoscope Today, July 15, 2025
Last Updated: Capricorn Daily Horoscope, July 15, 2025: Financial pressure may arise today. Stay calm and learn from setbacks. Your discipline and focus will guide you toward long-term success. Capricorn Daily Horoscope Today, 15 July 2025: Ganesha says today has brought a little challenge for you financially. You may have to face some loss today. Despite this, you should not be disappointed; rather, face this situation and learn from it. You may need to re-examine your financial plans and improve them. There are chances of vehicle-related expenses also. The paths will be created automatically, and you will fulfill your responsibilities well. Confidence will increase in following the rules, and you will focus on your goal. Negotiations will be successful, and achievements will increase. You will move forward in an organized manner, which will increase respect and prestige. Discipline and continuity will improve, and the system will become more organized. Your food will be attractive, and your personality will improve. Health will be good, and time management will improve. Capricorn Horoscope Today, July 15, 2025 Lucky Colour: Pink Lucky Number: 9 (The author Chirag Daruwalla is the son of Astrologer Bejan Daruwalla). About the Author Chirag Daruwalla Get Latest Updates on Movies, Breaking News On India, World, Live Cricket Scores, And Stock Market Updates. Also Download the News18 App to stay updated! First Published: News astrology Capricorn Horoscope Today, July 15, 2025 Latest News Aquarius Horoscope Today, July 15, 2025 Astrology India What Happened After A Project Delayed By 53 Years Came Up For Review Before PM Modi? Exclusive Astrology Capricorn Horoscope Today, July 15, 2025 World SC Greenlights Trump's Plan To Dismantle Education Dept, Lay Off 1,400 Employees World 'Russia Making War New Normal, Putin Not Ready For Peace': Zelenskyy Thanks Trump For Patriot latest news
