Trump slapped a 50% tariff on Brazil, and Brazilian President Luiz Inacio Lula da Silva said his country would respond.

The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence other policies of foreign countries.

On the battlefield: Ukrainian officials are reporting a dangerous shift in Russia’s attacks. Overnight, Moscow hit Ukraine’s capital, Kyiv, with more missiles and drones. Dozens of workers were rescued after a tunnel collapsed in Los Angeles.

With tariffs being applied to more countries, Kohl's Corp. believes it won't change its financial outlook for the rest of the year.

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.

That's how many nations have so far received letters from President Trump setting new tariff levels from the start of August. Here is who received [letters Monday](

Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

The president was following through on an earlier statement that he would target a key metal used for semiconductors, lithium ion batteries and more.

Ernie Tedeschi of The Budget Lab at Yale breaks down the tariff revenues released by the Trump's administration. He also discusses the Fed's dilemma as they balance future supply and demand side risks which are trending towards the upside.