US News
LAST UPDATE: July 12, 2025
US tariff rate may be more than 20% after latest round, global business group says
The International Chamber of Commerce warned that effective U.S. tariff rates may surpass 20%, levels not seen since the 1930s, due to newly proposed tariffs (including 50% on copper and potentially 200% on pharmaceuticals).
Insight
Deepening protectionism could reshape global trade flows. Market complacency may embolden further tariff escalation, increasing chances of abrupt economic shocks.
Trump says he will speak to Brazilian president at some point
President Trump told reporters he “maybe at some point” will speak with Brazil’s President Lula. Brazil downplayed the impact of the threatened 50% U.S. tariffs set from August 1 and emphasized seeking diplomacy while pledging reciprocal measures if needed.
Insight
Tentative diplomatic language paired with reciprocity signals cautious engagement amid escalating trade tensions, hinting at both negotiation willingness and strategic resistance.
Trump’s Tax Law Expected to Spur US Factory Investment But Tariffs Pose Risks
Trump’s new tax law is expected to encourage some factory investment by making provisions permanent, though the unpredictable tariff environment may temper the response.
Insight
Tax incentives may support domestic investment, but trade uncertainty could significantly dampen business decisions, reducing the law’s stimulative impact.
Trump tariff on Brazilian goods could jack up US burger price
A proposed 50% tariff on Brazilian goods—especially beef—could raise tariffs on Brazilian beef to ~76%, cutting off imports. Given that Brazilian beef accounts for about 21% of U.S. imports, prices for items like hamburgers may rise as supply shifts to costlier sources.
Insight
Targeted tariffs could ripple through food prices, affecting consumers and supply chains; even narrow trade measures may have outsized domestic inflation effects.
Big US Banks Set to Post Trading Gains on Trump’s Tariff Turmoil
Major U.S. banks are expected to publish strong trading revenue gains in Q2 due to elevated market volatility triggered by Trump’s tariff announcements.
Insight
Market turbulence can boost short-term trading profits, but sustainability is uncertain if volatility wanes or economic fundamentals shift.
