Trump threatens extra 10% tariffs over 'anti-American' BRICS policies

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On Monday, President Trump warned that any country embracing the "anti-American" policies of the BRICS bloc nations will face an extra 10% tariff on exports.

“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Trump posted on his Truth Social network late on Sunday, without elaborating.

The threat came from Trump after the BRICS nations, which include Brazil, Russia, India, China and South Africa, met over the weekend. Yahoo Finance reports.

🛢️Shell flags profit hit from weakness in gas trading and chemicals business: Shell has said it expects lower trading and production results for its integrated gas division as the firm battles a volatile wider market.

The group – which recently denied speculation it was considering making a bid for rival BP – trimmed the top end of its production guidance for the integrated natural gas division from 900,000 to 940,000 barrels of oil equivalent per day (boe/d) for the second quarter, compared with a range of 890,000 to 950,000 previously given.

This would compare with 927,000 boe/d reported in the first quarter.

Shell – the world’s biggest LMG trader – also said trading results for its integrated gas division would be “significantly lower” than in the first three months of 2025, sending shares down 3% in morning trading on Monday. Yahoo Finance reports.

📊 The stock-market rally is broadening beyond Big Tech. Will consumer stocks bounce back in the second half of the year? After months of leadership by megacap technology stocks, Wall Street kicked off the second half of 2025 with a powerful, yet potentially healthier, shift in the U.S. stock market, as the rally has broadened.

From cyclicals to small caps, more stocks have been joining the charge that has sent the S&P 500 and the Nasdaq Composite to new all-time highs, suggesting that this market’s recovery from April lows may have deeper roots than many anticipated. MarketWatch reports.

🛢️ Oil prices fall as OPEC+ ramps up production: Crude oil prices fell Sunday after the Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by a larger-than-expected amount in August, as part of a continuing effort to reclaim market share by lowering prices. MarketWatch reports.

🚙 Tesla slides 7% as Musk's 'America Party' reignites investor angst: Tesla shares fell nearly 7% in premarket trading on Monday, after CEO Elon Musk's plans to launch a new U.S. political party reignited investor concerns about his commitment to the electric-vehicle maker's future.

Musk, the former head of the Department of Government Efficiency (DOGE), unveiled the 'America Party' on Saturday, voicing his displeasure over President Donald Trump's 'One Big, Beautiful Bill'.

Musk's move marks a fresh escalation in his feud with Trump and comes close on the heels of Tesla posting a second straight drop in deliveries, further denting investor confidence in the stock that has lost more than 21% so far this year. Yahoo Finance reports.

🤖 Nvidia challenger Groq expands with first European data center: Artificial intelligence semiconductor startup Groq on Monday announced it has established its first data center in Europe as it steps up its international expansion.
Groq, which is backed by investment arms of Samsung and Cisco, said the data center will be located in Helsinki, Finland and is in partnership with Equinix.

Groq is looking to take advantage of rising demand for AI services in Europe following other U.S. firms which have also ramped up investment in the region.

The Nordics in particular is a popular location for the data facilities as the region has easy access to renewable energy and cooler climates. Last month, Nvidia CEO Jensen Huang was in Europe and signed several infrastructure deals, including data centers. CNBC reports.

🎢 Wall St futures slip as markets await clarity on tariffs: U.S. stock index futures slipped on Monday as investors grappled with uncertainty around U.S. tariff policies, while Tesla's shares dropped after CEO Elon Musk announced plans to form a political party.

The White House is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $EHGO: Eshallgo

Total gain: +80.23%

2) $SONN: Sonnet BioTherapeutics

Total gain: +34.18%

3) $WOLF: Wolfspeed

Total gain: +31.35%

4) $APGE: Apogee Therapeutics

Total gain: +25.89%

5) $INHD: Inno Holdings

Total gain: +25.42%

The closing price of the top three market percent gainers trading near or above $3 on July 3.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $BMNR: BitMine Immersion Technologies

Total gain: +133.05%

The stock appeared to be moving on no notable news.

2) $GITS: Global Interactive

Total gain: +130.06%

The stock appeared to be moving on no notable news.

3) $RGC: Regencell Bioscience

Total gain: +120.27%

The stock appeared to be moving on no notable news.

"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game."

- Peter Lynch

Sourced in: "One Up on Wall Street: How to Use What You Already Know to Make Money in the Market”, by Peter Lynch, published in 1989.