Overview
- Starting August 1, the U.S. will apply 50% duties on all Brazilian imports in protest of Brazil’s handling of judicial prosecutions.
- A 35% tariff on Canadian goods not covered by USMCA will target Ottawa’s cooperation on fentanyl controls.
- An official tariff notice is expected to be sent to the European Union imminently if Brussels does not reach a new agreement with Washington.
- Trump has warned that most other trading partners will face generalized levies of 15–20% unless they negotiate fresh deals.
- Brazil’s government has pledged legally grounded retaliatory measures under domestic law, and Canada’s prime minister has vowed to defend national industries while pressing for talks.