Overview

• Washington raised duties on most Brazilian exports to 50% as of July 31
• The US Treasury imposed Magnitsky-style sanctions on Brazilian Supreme Court Justice Alexandre de Moraes with a US travel ban and asset freeze
• Trump announced a 25% tariff on Indian imports to penalize New Delhi’s energy and military ties to Russia
• Elimination of the de-minimis threshold will end duty-free treatment for commercial parcels under $800 and trigger fees of $80 to $200 per shipment starting August 29
• Separate bilateral agreements with the EU and South Korea fixing tariffs at 15% are now in effect as part of the administration’s selective deal-making strategy