The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.

President Donald Trump's administration says higher rates will go into effect Aug. 1. Here's where trade negotiations stand.

Total two-way trade with Brazil of $92 billion in 2024: Brazil is the 15th largest U.S. trading partner, but importantly, the U.S. has a rare $7.4 billion trade surplus. Some have flagged the tariff as being more politically motivated than economic.

Plus, Sen. Josh Hawley voted in favor of Donald Trump's megabill but now says his goal is to make sure a provision involving Medicaid doesn't go into effect.

The new tariffs [threatened in letters](

Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.

Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.