Overview

• The administration has appealed a May U.S. Court of International Trade ruling that blocked the reciprocal tariffs and plans to start collecting duties on August 7.
• Canada’s trade minister said Prime Minister Mark Carney will speak with President Trump to seek renegotiation of the 35% levy on Canadian exports.
• Brazil’s president agreed to enter talks only if his country is treated as an equal partner in discussions over its 50% tariff.
• U.S. Trade Representative Jamieson Greer described the tariffs as “practically definitive” and said there is no immediate path to renegotiation.
• Weak manufacturing hiring, slower overall job growth and rising inflation highlight the domestic pressures as duties loom.