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Trump issues blitz of tariff announcements on copper, Brazil, small-value imports
United States President Donald Trump on Wednesday (Jul 30) issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper and on goods from Brazil to ending an exemption from tariffs for small-value shipments from overseas. The wave of announcements came as the clock ticked down toward an Aug 1 deadline for higher tariff rates to kick in on goods imported from most of the world as Trump presses on with his bid to reshape global trade. The president also touted what he said was a deal with South Korea that would include a 15 per cent US tariff on imports from the ... (full story)
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CycleGF
Jul 30, 2025 10:49pm
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The White House announced on Wednesday that President Donald Trump officially imposed a new 40% tariff on Brazil on top of the 10% already in force. "Today, President Donald J. Trump signed an Executive Order implementing an additional 40% tariff on Brazil, bringing the total tariff amount to 50%, to deal with recent policies, practices, and actions by the Government of Brazil that constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States," the statement read. Trump first announced he would hit the South American nation with the added figure on July 9, citing the prosecution of former President Jair Bolsonaro as the motive. US Says New Tariff On Brazil Imports Takes Effect In 7 Days
From zerohedge.com | Jul 30, 2025
U.S. copper futures crashed over 19% within minutes around 2:00 p.m. ET, marking the largest intraday drop on record, after the White House announced a 50% tariff on all semi-finished copper imports starting August 1. Largest daily decline on record! Traders were stunned when copper cathodes, the most widely imported and traded form of refined copper, were ...
Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!
