Trump signs executive order to impose a 50% tariff on Brazil and reaches a trade agreement with South Korea

According to Deep Tide TechFlow, on July 31, Eastern Daylight Time, the White House announced that Trump signed an executive order to impose an additional 40% tariff on Brazil, bringing the total tariff to 50%.

In addition, Trump stated that a trade agreement has been reached with South Korea, which will impose a 15% tariff on goods exported to the U.S., and South Korea has promised to invest $350 billion in the United States.