PERU: Ex-President Vizcarra Freed, Former-President Toledo Receives New Sentence

"*TRUMP: PHARMA TARIFF WILL BE SMALL, WILL GO TO 250% EVENTUALLY" Bloomberg

Trump had previously suggested pharma tariffs may rise to 200% after 1-1.5 years.

"*TRUMP: TARIFF OF 35% ON EU IF DOESN'T MEET OBLIGATIONS" Bloomberg

Other headlines from Trump's appearance on CNBC (all Bloomberg)

• "*TRUMP: BOTH KEVINS ARE VERY GOOD, OTHERS ARE ALSO GOOD"
• "*TRUMP: TWO OTHER PEOPLE ASIDE FROM THE TWO KEVINS IN MIND"
• "*TRUMP: I LOVE SCOTT, BUT HE WANTS TO STAY AT TREASURY"
• "*TRUMP: COULD USE KUGLER VACANCY TO PICK FUTURE FED CHAIR"

Download Full Report Here

• President Donald Trump will sign an Executive Order at 16:00 ET 21:00 BST.
• Conservative economist E.J. Antoni emerged as MAGA favourite to head the Bureau of Labor Statistics.
• The federal government issued guidance on Monday detailing the implementation of the tariffs.
• The EU expects some turbulence from the framework trade deal with the US.
• The Swiss government will present a “more attractive” offer to Washington in response to the 39% tariff rate announced by Trump.
• Japan’s top trade negotiator will travel to Washington today for his first meetings with US counterparts since the announcement of a trade framework last month.
• Trump escalated his standoff with New Delhi, threatening to “substantially” raise tariffs on Indian imports because of its trade in Russian oil.
• The CBO estimated that the debt service costs of the GOP’s ‘One Big Beautiful Bill’ will total $718 billion over 10 years. House Republican staffers will meet tomorrow to discuss a second reconciliation bill.
• Trump negotiator Steve Witkoff is expected to meet Russian officials in Moscow on August 6, days before Trump's Friday deadline to reach a ceasefire agreement with Ukraine. Russian President Vladimir Putin is open to meeting with Ukrainian President Volodymyr Zelenskyy, if requisite groundwork is completed.
• Israeli Prime Minister Benjamin Netanyahu is considering the full occupation of the Gaza Strip.
• Poll of the Day: Americans are thinking more positively about China.

Full Article: US DAILY BRIEF