MNI POLITICAL RISK - Trump Issues Raft Of Tariff Announcements

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Executive summary:

•  At 16:00 ET 21:00 BST, President Donald Trump will sign executive orders in the Oval Office, setting unilateral tariff rates for countries yet to broker trade agreements with the US. 
• Trump announced trade deals with South Korea and Pakistan. He threw cold water on the prospect of deals with India and Canada and ramped up tariffs on Brazil, escalating a feud with President Luiz Inácio Lula da Silva. Trump also signed an executive order to end the "de minimis" tariff exemption.
• A New York court will hear oral arguments on a claim that the basis of Trump’s tariff regime is illegal. 
• US tariffs on EU wine and spirits will be set at 15% from 1 August, according to an EU official.
• Trump announced a 25% tariff rate on India and appeared to prepare the ground for directing Russia sanctions at India.
• Mexican President Claudia Sheinbaum will speak with Trump today, angling for a last-minute trade agreement.
• Trump prompted a selloff in copper after announcing bigger-than-expected tariff carveouts for the industry.
• Senator Bernie Moreno (R-SD) said Trump has "all the authority on earth to fire", to fire Fed Chair Powell.
• The White House published a 160-page crypto report.
• Middle East envoy Steve Witkoff met Israeli PM Benjamin Netanyahu today amid a stalemate in Gaza ceasefire talks and growing international pressure on Israel.
• The US imposed new sanctions targeting Iran's 'shadow fleet'.
• Poll of the Day: Views of the economy ticked up. 

Please find the full article attached below: US DAILY BRIEF