Copper Prices Hit Record High as Trump Unveils 50% Tariffs

P.M. Edition for July 8. During a cabinet meeting today, President Trump announced a 50% tariff on copper and threatened the European Union with steep tariffs if it doesn't reach a trade deal with the U.S. WSJ reporter Kim Mackrael says the EU’s member states are split as to how to handle Trump’s demands. Plus, the Supreme Court has lifted a halt on President Trump’s plan to shrink the federal workforce, clearing the way for potential mass layoffs of federal workers. And New York City real-estate executives are fighting to block Democratic mayoral nominee Zohran Mamdani from winning the general election in November. Reporter Rebecca Picciotto explains why they’re switching their support (and money) from former Gov. Andrew Cuomo to incumbent Eric Adams. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices