Particle.news
Download on the App Store
51 ARTICLES
·
last wk.

U.S. Tariff Pause Ends August 1 as Trump Expands Copper and Pharma Duties

Nvidia’s record $4 trillion valuation supports Asian shares alongside persistent uncertainty over U.S. reciprocal tariffs

The German DAX share price index graph is displayed at the stock exchange in Frankfurt, Germany, June 12, 2025. REUTERS/Staff/File Photo
Image
Royal Mail will no longer have to deliver second-class mail on a Saturday
A man walks past an electronic board showing stock visualizations outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS/Androniki Christodoulou/File Photo

Overview

  • President Trump’s letters to South Korea, Japan and other trading partners extend the current tariff suspension only until August 1, when 25 percent reciprocal duties will resume.
  • The U.S. plans to impose a 50 percent tariff on copper imports, up to 200 percent levies on pharmaceuticals and 50 percent duties on Brazilian exports starting August 1.
  • Asian equities held steady, with MSCI’s Asia-Pacific ex-Japan index up 0.2 percent and South Korea’s KOSPI regaining ground.
  • India’s benchmark indices traded in a narrow range as investors awaited clarity on U.S. trade terms and braced for corporate earnings.
  • Brazilian stocks and the real plunged sharply on threats of punitive U.S. tariffs on exports, marking one of the steepest regional sell-offs this week.