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Trump Promises No Tariff Extensions; Copper in Turmoil after Trump's Tariff Threat | Bloomberg Brief

Markets

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July 9, 2025

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Bloomberg

US equity futures waver as President Trump promises there will be no more tariff extensions and threatens more charges on copper and pharmaceuticals. The announcement caused a record spike in copper as Trump indicated the implementation of a 50% tariff on the commodity's imports. Iain Stealey of JPMorgan Asset Management says the market is learning there's room for negotiation and Kallum Pickering of Peel Hunt says tariffs are likely to give us more inflation. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)

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