Commodities, Business & Shipping (and Tariffs)

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Take Five: T is for tariffs​

March 28 (Reuters) - The coming week will be dominated by U.S. President Donald Trump's plans for reciprocal tariffs, while the latest U.S. jobs data, an Australian central bank meeting and a key euro zone inflation report means there's plenty for markets to consider.

Here's your one-stop shop for the week ahead in world markets from Kevin Buckland in Tokyo, Lewis Krauskopf in New York, Amanda Cooper in Gdansk and Marc Jones and Yoruk Bahceli in London.

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Trump tells NBC he 'couldn't care less' if car makers hike prices due to tariffs​

WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he "couldn't care less" if they do.

The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers.

More:

https://www.msn.com/en-us/money/mar...S&cvid=25dcf677d44448b59d375ca2700aeaca&ei=40
 

Markets in Q1: Everything's been Trumped!​

  • Trade war and U.S. geopolitical shifts dominated Q1
  • World stocks flat overall but U.S. tech giants whacked
  • Gold has had best quarter since 1986
  • Dollar on course for worst Q1 since GFC
LONDON, March 30 (Reuters) - Most investors knew things could turn turbulent this year given U.S. President Donald Trump's return to power in the world's biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far.

Scan the surface and world stocks (.MIWD00000PUS), opens new tab are almost where they started the year, while volatility gauges like the VIX (.VIX), opens new tab are nowhere near the peaks they scaled during the pandemic or financial crash

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searcher said:

Trump tells NBC he 'couldn't care less' if car makers hike prices due to tariffs​

WASHINGTON (Reuters) - U.S. President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he "couldn't care less" if they do.

The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers.

More:

https://www.msn.com/en-us/money/mar...S&cvid=25dcf677d44448b59d375ca2700aeaca&ei=40
Click to expand...

More.

How Tariffs Are Going To Jack Up Car Prices In The U.S.​

Mar 29, 2025 #CNBC

A plan to reshore automotive manufacturing by imposing tariffs will take years and require billions of dollars in investment. In the meantime consumers could see higher prices, and fewer choices. CNBC breaks down which vehicles are likely most affected and how much prices are likely to rise.


7:47
 
CNBC

'Nowhere to absorb it': From consumer small business to big food CEOs, Trump tariff costs will hit wallets​


  • Food and consumer business CEOs say tariffs on a wide range of countries will pressure thin margins in an economy where inflation is already elevated unlike the 2017-2018 trade war.
  • "I am at a point with my business where I can finally put my foot on the gas but now I don't know if it's going to be feasible to keep the business going," said Anjali Bhargava, founder of spice company Anjali's Cup. "Heartbreaking," the small business owner said.
  • The Consumer Brands Association, a major food industry trade group, says its member companies largely support "America First" and many manufacture in rural parts of the the U.S., but their supply chains are global, "incredibly tapped out" and with any cost hikes "there is nowhere to absorb it."
Fear of rising supply chain costs as a result of President Donald Trump's new tariffs expected to be implemented Wednesday — "Liberation Day," as Trump calls it — have small to medium-sized businesses turning down opportunities to expand their market share with too much economic uncertainty surrounding prices in the near future. On Tuesday, Trump said the tariffs plan is ready and the administration said the trade taxes will take effect "immediately."

More:

https://www.msn.com/en-us/money/new...S&cvid=7dbc9de8602f4fe9b754d9e732c45aca&ei=25
 

Inside the Tariff Talks: Senator Daines on U.S. Beef & Ag Exports​

Apr 1, 2025 LaneCast Ag Podcast

In this episode, Montana U.S. Senator Steve Daines joins Lane to break down his recent high-stakes visit to China and Vietnam—where U.S. beef, wheat, and potato exports were front and center. Senator Daines explains what expired licenses, tariffs, and fentanyl sanctions mean for Montana’s ag exports and whether relief may be on the horizon. Plus, how a 20-minute phone call with President Trump could shape the future of U.S. ag trade.


12:35
 
Today should prove interesting.

Stock futures slip ahead of Trump tariffs: Live updates​

Stock futures slipped Wednesday as Wall Street braced for the expected rollout of President Donald Trump’s tariffs.

Futures tied to the S&P 500 lost 0.4%, along with Nasdaq-100 futures. Futures tied to the Dow Jones Industrial Average were down 121 points, or 0.3%.

The moves come ahead of the implementation of a raft of Trump’s “reciprocal tariffs” that will “start with all countries.” The White House revealed Tuesday that the levies “will be effective immediately.”

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An American Mine Still Has Millions of Tons of Copper, If Companies Can Get to It​

(Bloomberg) -- Carved into a mountain range in Arizona’s Sonoran Desert, where temperatures often reach 118F (48C), a vast mining complex more than a century old is on the front lines of a race to unlock millions of tons of copper.

After 154 years of digging at Morenci, all the easily recoverable copper has been mined. Left behind are towering piles of waste rock that hold nearly 10 million tons of the metal seen as critical to global electrification. It’s a cache that could prove key to President Donald Trump’s ambition to boost US production of critical minerals.

Freeport-McMoRan Inc., which owns Morenci, is trying to develop technology that can burrow within those gigantic waste piles and extract low-grade copper that miners previously saw as too expensive and difficult to process. While the technology is still in its infancy, the US company is betting it can eventually retrieve the material in a way that’s cheaper, faster and greener than traditional mining.

The process, known as sulfide leaching, has been known to copper miners for decades, but the recent push to advance it comes as electrification and artificial intelligence are poised to drive global demand for the metal. BHP, the world’s largest miner, estimates that copper used for data centers will grow sixfold by 2050.

More:

https://www.msn.com/en-us/money/mar...S&cvid=149731cac548455a99f853d31cc4b37f&ei=22
 
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