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.

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.

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

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.

President Donald Trump announced Wednesday he planned to hit Brazil with a 50% tariff, in part due to the treatment of its former president and his political ally, Jair Bolsonaro.

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.

Trump announced the United States would impose new tariffs on imports from several additional countries as part of his drive to reduce the trade deficit and promote fair trade.