Tidbits, Q&A: Options Strikes, Elections, Brazil Tariff, Drought & Weather, Export Sales 7/17/26
- Wright team
- 2 minutes ago
- 5 min read
Tidbits
President Donald Trump delivered a speech to the nation yesterday from the White House with a focus on the 2020 election. He is declassifying documents that he says will show interference by China in the 2020 election. Trump has repeatedly claimed without evidence that there was widespread election fraud six years ago when he lost to President Joe Biden. Trump again pushed for Congress to pass legislation that would require proof of citizenship to register to vote and voter ID at the polls.
The U.S. will hit Brazil with new 25% duties on its furniture, ethanol, machinery, footwear, sugar and other goods, launching a new wave of tariffs that could affect dozens of countries as Trump's administration seeks to rebuild its leverage on major trading partners after legal setbacks.
The late-night announcement by the U.S. Trade Representative made Brazil the first country targeted under Trump's new tariff strategy, which relies on Section 301 of the Trade Act of 1974, an unfair trade practices statute. Trump's previous global tariffs under an emergency law, including duties of up to 50% on Brazilian goods, were struck down by the U.S. Supreme Court in February.
Brazil's government convened top ministers on Thursday to prepare retaliatory measures against Washington's latest tariffs, with options including curbs on U.S. audiovisual companies and suspension of pharmaceutical and agricultural patents, as three sources told Reuters.
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