Copper prices have risen sharply following President Trump’s recent tariff announcement, with financial advisors

President Trump announcing new tariffs of 30% on Mexico and the European Union to start on August 1. European trade ministers are meeting today after pausing their retaliatory tariffs that were supposed to start today.

After widespread slowdown, Port of LA import surge is a sign Trump’s ‘whipsaw’ tariffs sparked ‘one last’ stockpiling push, executive director says 'American Idol' music supervisor, husband both found dead in California home, LAPD says

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

Economists say U.S. businesses are struggling to pay new tariffs, and they are starting to pass on the costs to American consumers.

Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news

Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Subscribe to the Daily News Brief to receive it every weekday morning.Top