Jul. 16 at 3:26 PM
4/4: U.S. to impose 25% Section 301 tariffs on most Brazilian imports starting July 22; exemptions cover beef, orange juice, aircraft/parts and energy; Brazil signals WTO case and countermeasures.
$EWZ $EWW $EEM $SPY $JO
PickAlpha View: Base case: tariffs proceed as announced with limited near-term macro spillover, but keep Brazil risk premium elevated into July 22. Watch next week’s forced-labor decision and any Brazilian countermeasures/WTO filing