Overview

• Starting August 7, the U.S. will impose 15% duties on imports from the EU, Japan and South Korea; 10% on U.K. goods; 19% on Indonesian products; and 20% on Vietnamese and Taiwanese wares.
• Despite preliminary agreements with several allies, countries including Switzerland are pursuing last-minute talks to secure exemptions or rate reductions, even as USTR Jamieson Greer says the tariffs are nearly final.
• President Trump has threatened to broaden levies on Indian imports within 24 hours and is planning progressive sectoral duties of up to 250% on pharmaceuticals.
• Global equity and bond markets have traded cautiously in recent sessions, supported by strong corporate earnings yet increasingly confident of a Federal Reserve rate cut this autumn.
• Apple announced an additional $100 billion in U.S. investment—raising its four-year commitment to $600 billion—which analysts say could reduce its exposure to higher duties.