Rio Times · USA & Canada Intelligence Brief August 3
USA & Canada Intelligence Brief August 3 — Key Facts
—Brazil tariff A new 25% US tariff on most Brazilian goods took effect on 22 July, replacing a 50% duty the Supreme Court struck down in February; broad carve-outs soften it and President Lula has gone to the WTO rather than retaliate at once.
—Import average The effective US import tariff has climbed to roughly 15.8%, its highest in generations.
—Wall St rally Amazon’s US$200.6 billion quarter and soaring cloud growth lifted the S&P 500 to 7,489.72 on Friday.
