Morning Economic Report 7-9-25

Economy update Donald Trump’s threat to impose 50% tariff on copper sends the commodity to record highs. He also pledged to press ahead with a 200% tariff on pharmaceuticals. Uncertainty is the soundbite, investors, companies, producers and end-users are quite simply in the dark of what to expect. Prices at Chinese factory gates fell at their fastest pace in two years in June, an unmistakable impact of the trade war. On the other hand, consumer prices showed a slight uptick. Treasury yields are on the ascent and European stocks are slightly stronger.