Group 1 - The Indian Ministry of External Affairs criticized the United States for imposing additional tariffs on Indian products, citing India's imports of Russian oil as the reason [1] - India emphasized that its oil imports are based on market factors and aim to ensure energy security for its 1.4 billion citizens [1] - The U.S. President signed an executive order imposing a 25% additional tariff on goods from India in response to its continued imports of Russian oil [1] Group 2 - The Brazilian government has requested consultations with the World Trade Organization regarding the U.S. tariffs on Brazilian products [1] - An executive order signed by the U.S. President on July 30 will impose a 50% tariff on most Brazilian exports to the U.S. starting August 6 [1] - The products affected by the new tariffs account for approximately 57% of Brazil's total exports to the U.S., although certain items like aircraft, nuts, orange juice, and some metals will be exempt [1]

Group 1 - The U.S. will impose a 50% tariff on imported copper semi-finished products and high-copper derivatives starting August 1 [1] - The tariff is based on Section 232 of the Trade Expansion Act of 1962, affecting products such as copper pipes, wires, rods, and sheets, as well as related components like cables and connectors [1] - The majority of copper consumed in the U.S. is imported, and the tariffs are expected to increase costs for American manufacturers without incentivizing appropriate economic behavior [1] Group 2 - Starting August 6, the U.S. will impose a 40% tariff on products imported from Brazil, with exemptions for certain items like aircraft, nuts, orange juice, and some metal products [2] - Following the tariff implementation, most Brazilian products will face a total tariff rate of 50% [2] - The Brazilian government is considering retaliatory tariffs on U.S. products in response to the U.S. tariffs, emphasizing a stance against unilateral trade measures and protectionism [2]

Core Points - President Trump signed an executive order on July 31 to modify the "reciprocal tariff" policy, adjusting additional tariff rates on goods from multiple countries to address what the U.S. claims is a "national security emergency" due to long-standing trade deficits [1][2] - The new tariff rates include an increase for Canada from 25% to 35%, effective August 1, and a uniform 10% tariff for countries not listed in the executive order [2][6] - The order also stipulates a 40% tariff on goods found to be rerouted through third countries to evade tariffs, with a public "evasion list" updated semi-annually [1][2] Tariff Adjustments - For Japan, South Korea, and New Zealand, the tariff rate is set at 15% [1] - For EU countries, if the current tariff is below 15%, it will be raised to 15%, while those above 15% will not see additional increases [1] - The executive order is part of a broader series of tariff adjustments by the Trump administration [2] Specific Measures - An additional 50% tariff will be imposed on imported copper semi-finished products and high-copper content derivatives starting August 1 [6][7] - From August 29, the U.S. will suspend the tax exemption for imported packages valued at $800 or less [6] - A 40% tariff will be applied to products imported from Brazil starting August 6, with certain exceptions for specific goods [7] Trade Negotiations - President Trump indicated that Canada's stance on Palestine will not affect the tariff agreement, emphasizing that Canada must "pay a fair tax rate" [4] - The U.S. and Mexico have agreed to extend their tariff agreement for 90 days, during which they will negotiate further [5]

Group 1 - The U.S. will impose a 50% tariff on imported copper semi-finished products and high-copper-content derivatives starting August 1 [1] - The tariff is based on Section 232 of the Trade Expansion Act of 1962, affecting products such as copper pipes, wires, rods, and sheets, as well as derived products like fittings, cables, connectors, and electrical components [1] - The majority of copper consumed in the U.S. is imported, and the tariffs are expected to increase costs for U.S. manufacturers without incentivizing appropriate economic behavior [1] Group 2 - Starting August 29, the U.S. will suspend the tax exemption for imported packages valued at $800 or less, requiring all applicable taxes to be paid [1] - From August 6, a 40% tariff will be imposed on products imported from Brazil, raising the tariff rate on most Brazilian products to 50%, with exceptions for certain items like aircraft, nuts, orange juice, and some metal products [2] - Brazilian officials have indicated that they may consider retaliatory tariffs on U.S. products if the U.S. tariffs are implemented, criticizing U.S. unilateralism and trade protectionism [2]