President Trump raised tariffs, including a new 50% tariff on imported copper and goods from Brazil, provoking potential retaliation from Brazilian authorities. Meanwhile, Delta Air Lines reported robust Q2 earnings, exceeding market expectations, and provided optimistic profit guidance for the upcoming quarters. Despite positive earnings from companies like Delta, concerns over rising tariffs weigh on markets, leading to a minor pullback in the Vanguard S&P 500 ETF. These developments create uncertainty for the Federal Reserve regarding interest rate cuts due to inflation pressures.
President Trump announced a new 50% tariff on imported copper and additional tariffs on Brazilian goods, prompting a possible retaliatory response from Brazil.
Delta Air Lines reported Q2 adjusted earnings of $2.10 per share, exceeding expectations, and reinstated guidance for the fiscal third quarter and full year.
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