Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

President Donald Trump announced a significant development in his trade war against the United States' trading partners. *Stock prices used were the afternoon prices of July 6, 2025. The video was published on July 8,

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's tariff actions and their impact on global trade.

Stocks mostly rose Friday in Asia, tracking records in New York and London, as investors absorbed US President Donald Trump's latest tariff salvos amid optimism that most countries will strike a deal to avoid the worst of his levies.

Freeport McMoRan, Southern Copper, Newmont, Rio Tinto, and BHP were all rising Thursday after President Donald Trump said a new 50% tariff on copper will take effect on Aug.1.

Futures fell as President Trump announced a 35% tariff vs. Canada after the S&P 500 and Nasdaq hit highs even as CoreWeave dived.

Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”

Donald Trump's budget chief accused Jerome Powell of shooting over the budget to renovate the Fed's headquarters by roughly $700 million.