Mining stocks rallied in pre-market trading Thursday after President Trump confirmed the U.S. will impose 50% tariffs on global copper imports beginning August 1, the day he has scheduled his "reciprocal" tariffs to go into effect.

US stocks closed little changed despite Trump's tough tariff talk. Copper climbs to record high after Trump threatens to slap 50% levy on imports.

The S&P 500 and Nasdaq Composite pulled back from record levels as investors await President Trump’s new trade deals and tariff updates. Tesla shares sank after CEO Elon Musk jumps back into politics.

Sen. Tammy Baldwin (D-Wis) said Wednesday that President Trump firmly placed his stamp on the U.S. economy with his tariff policies, and is to blame for the “uncertainty” and “chaos” that has

President Donald Trump said his 50% tariff on copper imports will take effect on Aug. 1, noting he made the decision after a national security assessment.

The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.

The president noted that U.S. negotiators remained open to offers from trading partners, suggesting that tariffs could be reduced before — or even after — the deadline on Aug. 1.

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's tariff actions and their impact on global trade.