Copper futures (HG1:COM) extended their rally on Thursday, rising around 2% as traders reacted to U.S. President Donald Trump’s announcement of a 50% tariff on imported copper, set to take effect on August 1.

Copper futures surged on the news, market the largest single-day dollar and percentage gain on record, according to Dow Jones Market Data.

By Andrea Shalal, Jarrett Renshaw and Ernest Scheyder WASHINGTON (Reuters) - President Donald Trump said he will announce a 50% tariff on copper on Tuesday, hoping to boost U.S. production of a metal critical to electric vehicles,

The global trade war continues as Trump announces a 35% tariff on Canadian goods starting August 1. Gold prices rose amid trade uncertainties, with experts recommending investments in gold and silver despite a strong US dollar limiting gains.

WTI crude oil (CLQ25) today is up +1.76 (+2.64%), and August RBOB gasoline (RBQ25) is up +0.0270 (+1.25%). Crude oil and gasoline prices today are sharply higher on speculation that President Trump on Monday might announce sanctions on Russian energy exports.

Crypto-linked stocks surged in pre-market trade on Friday after Bitcoin’s (BTC) price rocketed past $118,000, even as the broader equities market was in the red. The SPDR S&P (SPY) 500 fell as much as 0.

President Donald Trump has announced a sharp increase in tariffs on certain goods coming into the United States from Canada. Starting August 1, the new tariff rate will jump to 35%, up from the current 25% applied to some Canadian imports that are not protected under the US-Mexico-Canada Agreement (USMCA).

Laura Loomer comments came hours after Elon Musk, the former presidential advisor and tech magnate, officially announced the launch of his political party, just one day after President Donald Trump signed the sweeping “Big,

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