Daily Brief | August 1st 2025

✅ In the United States, July employment figures suggest signs of weakness in the economy. ✅ President Donald Trump announced yesterday afternoon a new round of tariffs targeting several economies. Some of the announced rates include: Canada at 35% (previously 25%), Switzerland at 39% (previously 31%), Brazil at 50% (previously 10%), and Europe at 15% (previously 20%). ✅ Later today, the ISM manufacturing index will be released, and it is expected to come in at 49.5 points for the seventh month of the year.