🏛️ Court supports Trump on tariff exemption
A court has backed President Trump's move to rescind the de minimis tariff exemption. This development is being tracked as a real-time indicator of U.S. tariff risk across commodities. Copper prices have surged for over a year, hitting a record high near $6.90 per pound recently. Separately, U.S. retail and food services sales dropped 0.6% month-over-month to $763.6 billion. Total sales for the first three months ending in July showed a 6.3% year-on-year increase.