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President Trump is preparing to implement industry-specific tariffs alongside country-by-country duties, starting August 1st. A 50% duty on copper is expected, followed by potential tariffs on lumber, chips, critical minerals, and pharmaceuticals. These sectoral tariffs, imposed on national security grounds, aim to reshape the US's global trading position and could cover a significant portion of imports.
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News and Media
An explosion at the Los Angeles County Sheriff's Special Operations Bureau in East Los Angeles has resulted in at least three fatalities, according to U.S. Attorney General Pam Bondi. The incident occurred in a parking lot containing patrol cars and box trucks, prompting responses from both the Los Angeles County Fire Department and the Sheriff's Department.
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News and Media
IndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows a $230 million loss due to past misaccounting, which led to the resignations of its CEO and deputy in April. The bank is also evaluating potential capital increases via depository receipts and qualified institutional placements.
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News and Media
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