The United States has extended the existing trade deal with Mexico for 90 days, maintaining tariffs of 25% on fentanyl and cars, and 50% on steel, aluminum, and copper. Mexico has also agreed to immediately eliminate its unspecified non-tariff trade barriers. This extension provides Mexico with additional time to negotiate a comprehensive trade agreement with the U.S., avoiding the 30% tariff Trump had previously threatened to impose by August 1st.
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Senator Josh Hawley has proposed the American Worker Rebate Act of 2025, which would provide $600 tax rebates to Americans, specifically targeting “Trump blue-collar voters” and excluding “Biden voters.” The rebates would be funded by tariff revenues, with income-based phase-outs. Critics point out that the tariffs that fund the rebate would increase consumer costs. The plan mirrors previous stimulus checks, with some questioning its potential inflationary impact and the benefit of the rebate.
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Former US President Donald Trump has criticized India’s economic relationship with Russia, labeling both economies as “dead.” He has also expressed dissatisfaction with India’s high tariffs, stating that this has limited trade between the two nations. Simultaneously, Trump has announced a 25% tariff on all Indian exports to the US, effective August 1st, as a penalty for India’s continued purchases of Russian military and energy equipment. Trump views these actions as undermining global efforts to isolate Russia.
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Senator Josh Hawley has proposed the American Worker Rebate Act of 2025, a plan to distribute $600 rebate checks funded by tariff revenues, but with a focus on “Trump blue-collar voters.” Hawley’s statements suggest the checks would exclude “Biden voters” and high-income earners, with funds potentially reaching the working class, drawing criticism and comparisons to past stimulus measures. The plan’s viability is questioned, as tariffs increase consumer costs, potentially negating the impact of the rebate checks, and contributing to inflation.
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The US government, under the direction of former President Donald Trump, levied an additional 40% tariff on Brazilian products, bringing the total to 50%. This action was taken as a form of punishment for the Brazilian government’s perceived “witch hunt” against former President Jair Bolsonaro, a close ally of Trump. The tariffs, framed in overtly political terms, target Supreme Court Justice Alexandre de Moraes, who has clashed with Bolsonaro. US officials, citing human rights abuses and the undermining of the rule of law, announced sanctions and tariffs as a response to the ongoing investigation and trial.
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In a recent post, it was announced that India will face a 25% tariff plus a penalty starting August 1st due to high tariffs and trade barriers, as well as India’s significant reliance on Russian military equipment and energy purchases, particularly in light of the ongoing conflict in Ukraine. This decision follows the historical trend of limited trade between the two countries due to India’s trade practices. The implementation of this policy will impact trade relations. The process of establishing new trade agreements typically requires extensive negotiations and comprehensive analysis of the other country’s trade practices.
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President Trump has declared a 25% tariff on India, effective August 1st, along with an additional penalty for purchasing energy and arms from Russia. This decision stems from concerns over India’s high tariffs and trade barriers, as well as its continued trade with Russia amidst the ongoing conflict in Ukraine. The US president stated that the August first deadline will not be extended, reflecting his determination to adjust trade relations. India’s government, while assessing the impact, has reiterated its commitment to prioritizing national interests in ongoing trade deal negotiations with the US.
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President Trump announced the U.S. will impose a 25% tariff on goods from India, citing India’s high tariffs on U.S. products. Additionally, India will face an added import tax for purchasing Russian oil, which Trump claims supports Moscow’s war in Ukraine. This move follows trade framework negotiations with various nations, with the administration viewing tariffs as a means to address the budget deficit and increase domestic jobs. While India studies the announcement and remains committed to a trade agreement, the tariffs may impede India’s goal to double bilateral trade with the U.S. by 2030.
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Trump says Russia faces tariffs in 10 days if no progress on ending the Ukraine war, and this immediately stirs a mix of reactions, ranging from disbelief to outright mockery. The core of the sentiment is that this threat, coming from a former president, feels empty and performative. The prevalent opinion seems to be that he’s “talking the talk” without any real intention of walking the walk. The skepticism stems from a perceived lack of follow-through and a history of making pronouncements that don’t align with actual actions. The ten-day deadline is viewed with particular cynicism, with many seeing it as just another meaningless timeframe.… Continue reading
John Q. Hosedrinker 
Matt Underwood