Pressed by Karl about Trump’s recent criticism of Federal Reserve Chair Jerome Powell, Hassett echoed the White House’s criticism of recent cost overruns in the renovation of the Fed’s Washington, D.C., headquarters.

What Happened in Markets Today Copper prices—and mining stocks—rose after Trump confirmed a 50% tariff on the metal will take effect Aug. 1. Prices for the [metal hit record highs](

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Brazil scrambles to respond to Trump's 50% tariffs Reports out of Brazil have said the country scrambled to respond to President Trump's announcement of 50% tariffs on Brazilian exports.

Trump confirmed on Wednesday that a tariff on copper would also go into effect on August 1. A day earlier, he said he would impose a 50 per cent levy on imports of the world’s most important industrial metal in a move that reverberated across commodity markets for two days.

Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50% tariff on goods from Brazil.