On July 30, local time, the Federal Reserve concluded a two-day monetary policy meeting and announced that the federal funds rate target range remained unchanged between 4.25% and 4.50%. This decision is in line with market expectations and is also the fifth consecutive decision to keep interest rates unchanged this year’s Federal Reserve monetary policy meeting.

Trump says it will impose a 50% tariff on Brazil, 25% tariff on India and 15% tariff on South Korea

On July 30, local time, the White House said that US President Trump signed an executive order to impose 40% tariffs on Brazil, bringing the total tariff to 50%. The White House said the scope of tariffs on Brazilian products does not include some wood pulp and petroleum products, some fertilizers, energy and energy products, pig iron and precious metals.

On July 30, US President Trump announced on his social platform “Real Social” that the United States will impose a 25% tariff on goods imported from India starting from August 1 and impose an “additional fine” on India. India has no response to this yet.

US President Trump said that the United States and South Korea reached an agreement that the United States would impose a 15% tariff on South Korea. At the same time, the United States will not be subject to tariffs. South Korea will fully open trade with the United States and accept American products, including cars, trucks and agricultural products.