Trump announced his administration will impose a 50% tariff on all imports from Brazil, effective August 1. Trump framed the Brazil action as politically motivated, voicing support for former President Jair Bolsonaro. Brazilian assets were hit—U.S.-listed Brazilian stocks fell in extended trade and the real weakened.
Soon after Trump confirmed a 50% tariff on U.S. copper imports that he had mooted earlier this week. The moves mark an escalation in his global tariff campaign.
In Japanese data, June wholesale inflation (PPI) eased slightly. Meanwhile, Tokyo is seeking meetings between top negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent during Bessent’s visit for the World Expo on July 19, ahead of the looming August 1 U.S. tariff deadline.
OPEC banned major media outlets—WSJ, NYT, FT, Reuters, and Bloomberg—from attending its Vienna oil conference, a move raising transparency concerns.
The U.S. dollar softened during the session. USD/JPY dropped below 145.80 before bouncing above 146.20. AUD, NZD, EUR, GBP, and CAD are all modestly firmer. Ranges have been relatively contained.
Geopolitics:
France and the U.K. will coordinate their nuclear deterrence strategies in response to major threats to Europe. Separately, Israel's IDF intercepted a ballistic missile launched from Yemen, with no injuries reported. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap trump 50 brazil tariff 50 copper tariff confirm too was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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