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Following a recent ceasefire agreement between Thailand and Cambodia, the United States implemented a 19% tariff on imports from both nations, along with Malaysia, which helped broker the deal. This decision came after President Trump threatened trade restrictions due to a border conflict between Thailand and Cambodia. The new rates are part of a broader plan to maintain minimum global tariff rates at 10%. Thailand had attempted to avoid higher tariffs by offering greater market access to US products and vowing to reduce its trade surplus.
Trump increases tariff on Canada to 35%, White House says. Well, this is a headline that, honestly, feels like just another Tuesday in this political climate. It seems like there’s always some new development, some fresh twist in the ongoing saga of Trump’s relationship with, well, everyone. The White House’s announcement of a 35% tariff increase on Canadian goods is just the latest example.
Trump increases tariff on Canada to 35%, White House says, and the immediate reaction is a mix of exasperation and a weary kind of acceptance. You can practically hear the collective groan of Canadians, who are probably thinking, “Here we go again.”… Continue reading
President Trump announced a 90-day pause on increasing tariffs on Mexican goods, avoiding the threatened escalation to 30%. This extension allows time for a trade deal to be negotiated. During this period, Mexico will maintain existing tariffs, including 25% on fentanyl and auto imports and 50% on metal commodities. Additionally, Mexico has agreed to eliminate several non-tariff trade barriers. The extension highlights the significance of Mexico as a trading partner and the relationship between Trump and President Sheinbaum.
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.
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.
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.
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.
John Q. Hosedrinker 
Matt Underwood