#TrumpTariffs

Today Trump confirmed that starting this Monday, the distribution of about 100 notification letters will begin, indicating possible tariffs to take effect on August 1 if new agreements are not reached.

These letters contemplate a base tariff of 10%, with additional charges that could reach up to 70% in countries that do not meet trade expectations.

Additionally, a further 10% increase could be added for nations that align with anti-U.S. policies of the BRICS block.

For now, substantial agreements have only been made with the United Kingdom and Vietnam.

Discussions are ongoing with China, India, the European Union, and Canada.

Meanwhile, markets remain cautious: gold fell 0.7% to US$3,311/oz; bonds rose, and stock indices show some volatility.

In short, we are facing a strategic pulse: tariff pressure against incentives to negotiate.