Materials Down on Tariff Fears — Materials Roundup

Producers of metals and raw materials faced declines due to tariff fears, as the Trump administration plans to raise tariffs on Indian imports by 25% to 50% in response to India's Russian oil purchases. Gold futures also dipped ahead of the Aug. 7 tariff deadline. Additionally, punitive tariffs on Brazil took effect, increasing import taxes on certain exports to 50%. Ramaco Resources saw a sharp decline after its share offering for rare-earth mining plans was priced below the previous close.