Overview

• The Trump administration finalized tariff notices for over 20 trading partners, implementing duties from August 1 and imposing a 35% surcharge on Canadian imports.
• The Paris CAC 40 index slid 0.92% and U.S. benchmarks fell Friday as investors confronted credible trade threats from Washington.
• Treasury yields rose as markets anticipated that higher duties could stoke inflationary pressures and delay Federal Reserve rate cuts.
• President Trump also announced 50% tariffs on copper imports and Brazilian goods, expanding the scope of U.S. trade measures.
• European Union negotiators are seeking to cap U.S. tariffs at 10% and secure exemptions for aerospace, cosmetics and alcoholic beverage sectors.