Metals Fall as Trump Stirs Trade Uncertainty With BRICS Threat
Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.'
Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals
Massachusetts to Follow NYC in Making Landlords Pay Broker Fees
NYC Commutes Resume After Midtown Bus Terminal Crash Chaos
In California, Pro-Housing 'Abundance' Fans Rewrite an Environmental Landmark
That fee would be charged on top of any other tariffs and there would be no exceptions to the policy, the president said in a Sunday-night post on Truth Social. BRICS is a grouping of nations including Brazil, China, South Africa and India.
Copper fell 0.7% to $9,800.50 a ton by 2:23 p.m. Shanghai time, heading for a third straight decline on the London Metal Exchange since closing at a three-month high above $10,000 a ton last week. Aluminum fell 0.8% as all major LME metals declined.
The latest trade twist comes as Trump's push for new deals across the world reaches a critical stage.
The president will send tariff letters to as many as 15 trade partners on Monday, Treasury Secretary Scott Bessent said in a CNN interview. He also added that the revised tariffs will kick in on Aug. 1 and indicated that some countries may be able to negotiate beyond the president's original deadline of July 9.
Industrial metals have fared reasonably well in recent months despite the economic uncertainty stemming from Trump's drive to remake US trade ties with the rest of the world. Copper has been boosted by a rush of shipments to America and falling global stockpiles, while a weaker greenback has also helped commodities priced in the currency.
On the Singapore Exchange, iron ore futures dropped 0.5% to $95.30 a ton.
--With assistance from Katharine Gemmell.
For Brazil's Criminals, Coffee Beans Are the Target
Sperm Freezing Is a New Hot Market for Startups
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
China's Homegrown Jewelry Superstar
©2025 Bloomberg L.P.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
Steady Dividends from Industrial Strength: Pentair (PNR) in Focus
Pentair plc (NYSE:PNR) is included among the Top 10 Safest Dividend Stocks in the UK. A factory worker with protective goggles and a hardhat inspecting a water filtration system. Pentair plc (NYSE:PNR) is an American company focused on water treatment solutions. While its headquarters are in the United States, the company is legally registered in Ireland and has its tax residence in the United Kingdom. Piper Sandler recently identified Pentair plc (NYSE:PNR) as a leading contender in the artificial intelligence surge. The firm started covering the software company with an Overweight rating and set a price target of $175, indicating a potential upside of around 13% from Palantir's closing price on Thursday. Pentair plc (NYSE:PNR) recently reported its earnings for the second quarter of 2025 and demonstrated a strong cash position. The company's operating cash flow was $607 million, and its free cash flow was $596 million. It also paid $82.4 million to shareholders through dividends. In addition, PNR has been rewarding its shareholders with growing dividends for the past 49 years. Currently, it pays a quarterly dividend of $0.25 per share and has a dividend yield of 0.97%, as of July 25. While we acknowledge the potential of PNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
9 minutes ago
- Yahoo
Barack Obama thinks adults shouldn't eat ketchup
The president's controversial stance on ketchup is sparking debate Barack Obama has stirred up an unexpectedly spirited debate over a beloved American condiment, and the reactions are as saucy as the subject itself. During a lighthearted episode of the Michelle Obama IMO podcast, co-hosted by the former First Lady and her brother Craig Robinson, Barack shared his long-standing—and rather unwavering—belief that ketchup is strictly for kids. 'In my opinion, and this is controversial in my family, but you should not eat ketchup after the age of 8,' he said, his tone firm despite the room's laughter. Michelle, clearly familiar with this culinary hill her husband is willing to die on, noted that the ketchup cut-off age seems to get younger every time he brings it up. 'Last time, I think it was 10,' she chuckled. Barack stood his ground, expanding on his perspective. 'I have nothing against kids having ketchup on burgers or fries—even ketchup on hot dogs, which is hard for me to watch—but at a certain point, you've gotta outgrow it,' he said. He conceded, 'I might be a little too draconian in my attitude,' but maintained that 'ketchup has its place.' Craig, ever the playful provocateur, called it like he saw it: 'It sounds like you're saying ketchup is childish.' Barack didn't disagree. 'When I see a grown person pouring a lot of ketchup on something—I told you this was controversial in my family,' he repeated, smiling at the familial pushback. Despite his condiment convictions, Michelle confirmed that the Obama household is far from ketchup-free. 'There's always ketchup in the house,' she said. 'Everyone uses it. Except him.'


CNN
11 minutes ago
- CNN
Trump Doesn't Rule Out Pardon For Ghislaine Maxwell - Laura Coates Live - Podcast on CNN Podcasts
Trump Doesn't Rule Out Pardon For Ghislaine Maxwell Laura Coates Live 47 mins President Donald Trump denied again today that he was briefed on his name appearing in files tied to the Jeffrey Epstein case, despite reports by CNN and other outlets on the briefing. The administration remains dogged by public criticism over its handling of the case.