Overview
- New US tariffs set to take effect on August 7 will impose 15% duties on EU, Japan and South Korea exports, 10% on UK products, 19% on Indonesian goods and 20% on imports from Vietnam and Taiwan, while Brazilian imports already face 50% levies.
- Equity markets traded with restraint on August 6, with the CAC 40 closing up slightly and U.S. indexes edging higher as traders awaited the tariff implementation and fresh earnings.
- European Union and Switzerland are locked in final talks with Washington, seeking exemptions or lower tariff rates on key industrial and Swiss exports.
- Eutelsat shares jumped roughly 12% in Paris after results aligned with targets, and Apple rose over 5% after announcing a $100 billion U.S. investment plan intended to mitigate tariff impacts.
- President Trump has threatened to impose additional 25% duties on Indian imports over Russian oil purchases and signaled pharmaceutical tariffs could escalate to as much as 250%.