Friday, August 1, 2025 from Floor Daily

“President Trump imposed tariffs on 69 countries and the EU, effective August 7, ranging from 10% to 50%. Canada’s tariff rose to 35% amid fentanyl disputes; India faces 25%, Brazil 50%, and the EU 15%,” reports Morning Brew.

“Cambodia’s tariff dropped from 49% to 19% after commitments on exports and Boeing purchases. Mexico received a 90-day negotiation extension. South Korea and Japan secured some 15% tariffs but face higher rates on autos.

“U.S. inflation rose 2.6% in 12 months; manufacturing jobs fell by 14,000 since April. Ford anticipates a $2 billion earnings loss. Legal challenges target Trump’s use of a 1977 emergency law to impose tariffs.”