Trump Slaps 50% Tariff on Copper Imports

Markets react as Trump’s copper tariff sparks volatility, Nvidia hits $4T, and Fed minutes confirm dovish stance.

TL;DR:

• ⚡ Trump imposes 50% copper tariff
• 💻 Nvidia reaches $4 trillion market cap
• 📊 Fed minutes reinforce dovish outlook
• 🏦 Bank of Korea set to hold rates

⚡ Trump Imposes 50% Copper Tariff

The U.S. administration announced a sweeping 50% tariff on copper imports, citing national security and supply chain concerns. The move immediately jolted commodity markets, sending copper prices higher and raising concerns about global trade tensions. Analysts expect downstream sectors like electronics and construction to face cost pressures. Source

💻 Nvidia Reaches $4 Trillion Market Cap

Nvidia surpassed the $4 trillion valuation threshold, reinforcing its dominance in AI and semiconductor sectors. The stock’s rally was propelled by robust demand for AI chips and ongoing optimism around technology earnings, positioning Nvidia as a clear market leader. Source

📊 Fed Minutes Reinforce Dovish Outlook

The Federal Reserve’s June meeting minutes indicated a continued preference for a cautious, data-dependent approach to rate changes. Markets interpreted the tone as dovish, with traders scaling back expectations for near-term rate hikes and risk assets responding positively. Source

🏦 Bank of Korea Set to Hold Rates

The Bank of Korea signaled it would leave its benchmark interest rate unchanged amid a sharp rise in household debt. With inflation moderating, policymakers remain focused on financial stability, and Asian markets reacted with muted volatility. Source