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White House: Adjusting imports of copper into the United States
On June 30, 2025, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effects of imports of copper in all forms (copper), including copper ores, copper concentrates, refined copper, copper alloys, scrap copper, and derivative products, on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended, 19 U.S.C. 1862 (section 232). Based on the facts considered in that investigation, the Secretary found and advised me of his opinion that copper is being imported into the United States in such quantities and under such circumstances ... (full story)
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From @financialjuice|Jul 30, 2025|1 commentFed's Powell: We still think the labor market is the best economic data we have. Feds Powell: GDP is bumpy quarter to quarter and is often revised. Powell: No comment today on plans to stay on the Fed Board after chair term ends.
From @financialjuice|Jul 30, 2025|2 commentsFed's Powell: In the discussion around policy, the majority view was that inflation is above target, employment is at target, and policy should be somewhat restrictive. Fed's Powell: Expects dissents to be explained in next day or so. Powell Says Differences in Opinions Are Normal and Calls This One of the Best Meetings They've Had Fed's Powell: Inflation is further from our goal than employment. Powell: We'll receive two employment and inflation reports before the next meeting—those will guide our next steps.
From @DeItaone|Jul 30, 2025POWELL: WE'RE MONITORING SLACKER DATA QUALITY IN THE CPI Powell: Reliable government data is essential—we hope to continue getting what we need. An independent central bank has greatly benefited the public. Powell: Fed independence must be upheld as long as it benefits the public. Consumer spending, after years of strong growth, may be slowing—but remains healthy, with solid credit performance. Powell: GDP met expectations but is hard to interpret due to net export swings; private sector job creation has eased slightly in the latest report. Fed's Powell: Totality of labor market data shows solid market but you have downside risks.
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From @realDonaldTrump|Jul 30, 2025|3 comments
We are very busy in the White House today working on Trade Deals. I have spoken to the Leaders of many Countries, all of whom want to make the United States “extremely happy.” I will be meeting with the South Korean Trade Delegation this afternoon. South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs. I will be interested in hearing what that offer is.We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! TRUMP: OTHER COUNTRIES ARE MAKING OFFERS FOR A TARIFF REDUCTION
From zerohedge.com|Jul 30, 2025U.S. copper futures crashed over 19% within minutes around 2:00 p.m. ET, marking the largest intraday drop on record, after the White House announced a 50% tariff on all ...
From youtube.com/associatedpress|Jul 30, 2025Watch live as President Donald Trump delivers remarks on “Making Health Technology Great Again.”
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- Jul 30, 2025 2:36pm Posted byFundamental Analysis615
