Overview

• Tariffs of 10% to 41% on imports from dozens of countries will begin on August 7 under President Trump’s IEEPA decree.
• A federal appeals court has begun reviewing the legality of the global levy as lawsuits by small businesses and 12 Democratic-led states advance.
• U.S. Trade Representative Jamieson Greer said the tariffs are quasi-final with no negotiations expected in the coming days.
• Thousands of Bolsonaro supporters held pro-Trump demonstrations in Brazil after Washington announced punitive 50% duties on Brazilian goods.
• Switzerland convened emergency government talks and South Africa condemned its imminent 30% tariffs as “very punitive” while preparing export support measures.