Overview

• Trump announced 30% duties on imports from Mexico and the European Union beginning August 1 as part of a strategy to secure new trade agreements.
• He warned that U.S. tariffs on Russian goods could rise to 100% if no deal materializes within 50 days.
• European Commission President Ursula von der Leyen postponed planned EU retaliatory tariffs on U.S. products until early August to pursue negotiations.
• The Nasdaq Composite climbed 0.27% to an all-time high of 20,640.33 points while the S&P 500 and the Dow Jones Industrial Average also posted gains.
• Mexico’s S&P/BMV IPC index declined 0.41% to 56,362.67 points as investors monitored the potential economic fallout of the looming U.S. levies.