16 h. ago Commodity firms poised for $300mn windfall from US copper tariff trade

Trafigura, Mercuria, Glencore and IXM set for bumper profits from metal shipped into America ahead of new levies

Economics

40 h. ago Trump’s ‘intelligent’ copper tariffs will ‘wake people up’, says mining billionaire

Ivanhoe Mines founder Robert Friedland welcomes 50% import levy and says domestic production is ‘fundamental’ to US security

Politics

45 h. ago Chile foreign minister says US would not be able to ‘replace’ Chilean copper

Alberto van Klaveren’s comments follow Trump’s announcement that he would impose 50 per cent tariffs on copper imports.

Politics

55 h. ago Business news live: Housebuilders pay £100m after investigation and Rachel Reeves sent Cash ISA plea

Stock markets updates and business news from Wednesday

Economics

57 h. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

59 h. ago Copper prices in US hit record high after Trump announces 50% tariff

Latest escalation in trade war is expected to push up costs across key parts of US economyBusiness live – latest updatesCopper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation in his trade war.Trump said before a cabinet meeting on Tuesday: “Today we’re doing copper,” proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or year and a half’s time. Continue reading...

Politics

59 h. ago Trump's mooted copper tariff widens New York–London price dislocation

Trump's mooted copper tariff widens New York–London price dislocation  MarketWatch

Politics

60 h. ago Business news live: Housebuilders pay £100m after investigation and copper hits record price on tariff threat

Stock markets updates and business news from Wednesday

Economics

67 h. ago Copper Futures in London Drop as Trump Plans 50% Import Tariff

Copper Futures in London Drop as Trump Plans 50% Import Tariff  MSN

Politics

67 h. ago Chilling warning Iran won’t ditch plans to become nuclear state as it 'wants power'

A Middle East expert who worked undercover as a field agent for the French foreign intelligence has spoken out today after Donald Trump's US bombed Iran in June

Events

68 h. ago US copper prices rise to record high as Trump threatens 50% tariff

President also says he will impose levies of up to 200% on drug imports after a transition period

Politics

69 h. ago US copper prices soar to record high as Trump threatens 50% tariff

President also says he will impose levies of up to 200% on drug imports after a transition period

Politics

3 d. ago Trump threatens to escalate trade war amid confusion over new tariff rates

US president announces tariffs of up to 200% on foreign drugs and 50% on copper as he continues to shift plansDonald Trump vowed to further escalate his trade wars on Tuesday, threatening US tariffs of up to 200% on foreign drugs and 50% on copper, amid widespread confusion around his shifting plans.Hours after saying his latest deadline for a new wave of steep duties was “not 100% firm”, the US president declared that “no extensions will be granted” beyond 1 August. Continue reading...

Events

3 d. ago Trump threatens to impose high tariffs on pharmaceuticals and copper

Washington sent letters to 14 trading partners setting out the tariffs that would come into effect on August 1

Politics

3 d. ago Democratic senators introduce bill to prohibit Ice agents from wearing masks

Immigration officers would be prevented from wearing masks and be required to display badge numbersUS politics live – latest updatesDemocratic senators introduced a bill on Tuesday to ban immigration officers from concealing their identities while engaged in immigration enforcement activities.The “visible act”, introduced by senators Alex Padilla of California and Cory Booker of New Jersey, comes in the wake of scenes of masked immigration agents in unmarked vehicles snatching people off the street without meaningfully identifying their agency or presenting a warrant, prompting observers to liken Immigrations and Customs Enforcement (Ice) arrests to kidnappings. Continue reading...

Politics

1 week ago Trump threatens to force journalists to reveal who leaked report undermining his narrative on Iran bombing

Iran strikes destroyed supply of enriched uranium and fully halted weapons development program, president insists again as he declines to provide evidence

Events

2 w. ago Former CIA director says people must understand ‘how dangerous a world we live in right now’ in the wake of Trump’s Iran strike

Donald Trump’s rejection of his own intelligence officials’ expert assessments undermines U.S. credibility and leaves the future ‘a very scary prospect,’ Leon Panetta warns

Politics

2 w. ago The truth behind Trump's bombings and the huge Iran secret kept from the world that's hoodwinked all of America

Experts weigh in after President Trump savaged a preliminary intelligence assessment about his Iran strikes.

Politics

2 w. ago Iran delivered ‘heavy slap to US’s face’, says Khamenei as he threatens further attacks on American bases – Middle East crisis live

In his first comments since the ceasefire, Ayatollah Ali Khamenei said the US ‘gained no achievement’ when it joined the war with Israel against TehranIsrael’s national security minister called for a “complete halt” of humanitarian aid to Gaza on Thursday, claiming that Hamas is taking control of the supplied goods and food.Itamar Ben-Gvir says that he will “demand” Benjamin Netanyahu put a new vote to the country’s cabinet on the issue of the introduction of aid to Gaza.The humanitarian aid currently entering Gaza is an absolute disgrace. What is needed in Gaza is not a temporary halt to the “humanitarian” aid, but a complete halt to it.When I warned and warned, and unfortunately the only one who voted a month and a half ago against the introduction of the aid, it was clear to me that it would give oxygen to Hamas.With all due respect and gratitude to the president of the United States, he’s not supposed to intervene in a legal process of an independent state.I hope and suppose tha...

Events

2 w. ago Trump’s latest rejection of intelligence isn’t the first time he hasn’t trusted spy agencies

The president’s friction with the intelligence community echoes the tumultuous relationship that defined much of his first term

Politics