Trump's 50% Copper Tariff Set for Late July Implementation Amid Market Uncertainty

MACROECONOMY 
Trump's 50% Copper Tariff Set for Late July Implementation Amid Market Uncertainty 
President Donald Trump's announcement of a 50% tariff on copper imports has driven U.S. prices higher than global levels, with Commerce Secretary Howard Lutnick indicating the duties will likely be implemented by "the end of July, maybe August 1." Despite the timeline guidance, market participants remain uncertain about the exact rate and timing due to ambiguous official messaging and potential room for exemptions to be negotiated. (CNBC)

INDUSTRY 
Oil Prices Dipped Over Global Fears 
Oil prices dropped over 2% on 10 Jul-25, due to market fears of a global slowdown triggered by U.S. President Trump's proposed tariffs on Brazilian exports and other goods. The Fed remains concerned about inflation, and high interest rates could reduce oil demand. OPEC+ plans to increase production in Sep-25 but may pause if demand peaks. Meanwhile, geopolitical tensions rise as the U.S. considers tougher sanctions on Russia. (Investor daily)

COMPANY 
Dayamitra Telekomunikasi (MTEL) and Tower Bersama Infrastructure (TBIG) Consider Second Merger MTEL and TBIG are in preliminary discussions for a potential merger that could create an entity valued at approximately IDR 90 tn, marking their second attempt in a decade after a similar plan failed in 2015. The merger would combine Mitratel's over 39,400 towers (72% owned by TLKM) with Tower Bersama's 23,000+ telecommunication sites, amid ongoing consolidation in Indonesia's telecom sector following major deals like the XL Axiata-Smartfren merger and CK Hutchison-Ooredoo combination, though discussions remain preliminary with no certainty of completion. (Bloomberg Technoz) 

Trimitra Trans Persada (BLOG) Planned Major Expansion After IPO 
BLOG plans to expand after raising IDR 140.81 bn from its IPO. In 2025, it will build five warehouses, add up to 100 light trucks, and enhance its tech systems. BLOG aims to boost delivery capacity and projects 12% revenue growth, following IDR 1.08 tn in revenue and IDR 111.86 bn in profit in 2024. The Co. also plans to distribute up to 50% of its net profit as dividends starting in 2025. (Bisnis.com)