The Brazilian president hit back at President Donald Trump via X late July 9, after Trump said Brazilian goods should face 50% tariffs over the country's censorship of X and other American platforms, and partly because of the trial of former Brazilian president Jair Bolsonaro for an attempt to stay in power when the current president won election.
The FDA’s decision to begin requiring partner government agency filings for some previously exempt products could have an impact on some companies, though generally its effects on the trade will be limited by widespread use of Type 86 filing and the recent end of de minimis for China, Lenny Feldman of Sandler Travis said in an interview.
At a luncheon July 9 with the leaders of Liberia, Senegal, Gabon, Mauritania and Guinea-Bissau, President Donald Trump was asked by a reporter if he supported a renewal of the African Growth and Opportunity Act, so that it doesn't end in September.
Georgetown Law professor Jennifer Hillman, a former International Trade Commissioner and a former general counsel in the office of the U.S. Trade Representative, predicted that the Supreme Court may make a decision on the legality of reciprocal tariffs and other tariffs imposed via the International Emergency Economic Powers Act, or IEEPA. Hillman, who was speaking on a July 8 webinar about tariffs hosted by the Council on Foreign Relations, has been helping challengers to those tariffs, and she said there's "a very good chance that the legal challenges will at least temporarily derail the tariffs imposed under the [law]."
As promised, President Donald Trump posted screenshots of more form letters on reciprocal tariff rates for countries' products that will begin Aug. 1. The letters were aimed at small trading partners; the largest, the Philippines, was notified it would see a 20% rate, up from 17% in April.
President Donald Trump posted a letter to Brazil's president, telling him: "Due in part to Brazil's insidious attacks on Free Elections and the fundamental Free Speech Rights of Americans," Brazilian exports will face a 50% reciprocal tariff on Aug. 1.
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President Donald Trump, at a Cabinet meeting conducted in front of the press on July 8, said that an announcement on lumber tariffs or quotas "just came out," adding, "now today, we're doing copper. I believe the tariff on copper we're gonna make that 50%."
President Donald Trump issued an executive order late July 7 that said he is postponing the effective date of higher country-specific reciprocal tariff rates from July 9 to Aug. 1 "based on additional information and recommendations from various senior officials, including information on the status of discussions with trading partners."
Two days before the now extended pause on higher country-specific reciprocal tariffs was to end (see 2507070054), President Donald Trump shared screenshots of letters he is sending to trading partners large -- Japan, South Korea, Thailand, Indonesia and Malaysia -- and small, informing them what rates their goods will face at the border, starting Aug. 1.