Web Trader MT5 
Trump announced Wednesday that 50% tariffs on copper imports will begin August 1, following a national security assessment shared via Truth Social.
Copper prices rose 2.62% on the announcement, extending a 13.12% jump from the previous session, its best one-day gain since 1989. As the third-most-consumed metal globally, the U.S. imports nearly half its copper, primarily from Chile. Experts warn domestic production capacity could take years or decades to meet demand.
Brazilian President Lula said Wednesday that Brazil will respond to Trump’s 50% tariff with equivalent measures, citing the country’s new economic reciprocity law.
Trump announced the tariff on Brazil imports effective Aug. 1, This follows Trump’s letters to nearly two dozen world leaders announcing new tariff rates on their exports to the U.S.
Asian markets traded mixed Thursday as investors weighed the Bank of Korea’s steady rates decision and Trump’s announcement of 50% tariffs on Brazilian imports starting August 1.
Singapore’s Straits Times Index reached another record Thursday, marking its fourth consecutive day of gains.
The Nasdaq Composite hit a record high Wednesday. The tech index gained 0.94% to 20,611, while the S&P 500 rose 0.6% to 6,263 and the Dow added 217 points (0.5%) to 44,458
Bitcoin reached a new record Wednesday afternoon, boosted by an Nvidia-led equities rally.
Bitcoin rose 1.9% to $112,052 just before market close, surpassing its May 22 record of $111,999.
Despite billions in ETF inflows, the cryptocurrency had been range-bound for weeks. Corporate purchases exceeded ETF inflows in Q2, yet bitcoin gained just 2% over the month.
Wednesday saw tech stocks rally as Nvidia briefly reached $4 trillion market cap, with investors dismissing Trump’s latest tariff announcements.
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