Construction workers moved the copper tube to a location where the water connection was located in New York City on February 26, 2025.
Robert Nickelsberg | Getty Images
U.S. President Donald Trump announced Tuesday that copper and drug imports will face 50% and 200% tariffs, respectively.
After the news, the S&P 500, which hit multiple records last week, hit a pause and mostly flat.
That said, it is a silent reaction to such high tariffs, suggesting that investors either view Trump’s tariffs as hollow threats or intend to have an impact on inflation and the economy.
Such complacency may be a mistake, as some market observers have warn. It also reflects the White House’s position on tariffs, which may not be the position investors want to take.
On Tuesday, Trump’s Economic Advisory Council Chairman Stephen Miran told CNBC’s “Squawk Box“The chances of leading to higher tariffs are “rare events”, such as”Pandemic or meteor or other. ”
“I’m not going to be dismissive,” Milan clarified. “What I said is that prediction is difficult and we should always speak about odds and possibilities.”
According to records, there is a 0.004% asteroid that may hit our planet in 2023. NBC News.
What you need to know today
New tariffs on copper and medicines. Copper imports will attract 50% of the responsibility Although the drug Tariff up to 200%Trump said Tuesday. He did not specify when they would take effect, but said the latter could start within a year and a half.
Most U.S. stocks have not changed. On Tuesday, S&P 500 and Nasdaq Composite Materials Close around the flat line,and Dow Jones Industrial Average Slide 0.37%. this Stoxx Europe 600 Climb to 0.41% Afternoon dipping.
Elon Musk lashed out at Tesla Bull. Dan Ives of Wedbush Securities, perhaps the most bullish analyst Tesla,supply Three suggestions Tesla’s board of directors, including “supervision” of Musk’s political activities. Musk retorts, “Shut up, then.”
Hong Kong IPO file. Confidential documents from online fast fashion giants filed last week are putting pressure on UK regulators Promote London listing ambitions,,,,, According to the Financial Times.
(Pro) The market refuses to listen to Trump’s voice. So far, the latest White House tariff announcement has triggered a faint reaction from the U.S. market. Some market observers are worried Investors are too optimistic.
at last…
WASHINGTON, D.C. – July 7: An aide announced a 25% tariff starting on August 1 in a letter signed by U.S. President Donald Trump, announcing a 25% tariff on July 7, 2025 at the Brady press conference in the White House in Washington, D.C., Washington, on July 7, 2025.
Andrew Harnik | Getty Images News | Getty Images
Global stock market says Trump’s bluff about tariffs
On Monday, Trump slapped the punitive tariff rate on 14 trading partners, but the global market was disconnected from the new policy. Asia-Pacific stock markets responded quickly, while European stock markets closed on Tuesday.
Toni Meadows, head of investment at BRI Wealth Management in London, said investors have already priced that many trade deals will not be reached before the July deadline, but he suggested some investors may be complacent.
– Jenni Reid and Chloe Taylor
