Trump, Brazil and tariff
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What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
Trump’s latest threat—a 10% tariff on nations backing BRICS “anti-Americanism”—isn’t just bluster. It puts a price tag on ideological alignment, and for countries like India or Saudi Arabia, it adds friction to what was once a low-cost platform for geopolitical posturing.