Australia S&P Global Manufacturing PMI fell from previous 51.6 to 51.3 in July

Aug 1, 2025

US President Donald Trump extends Mexico trade deal deadline by 90 days - Bloomberg

US President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, Bloomberg reported late Thursday. The announcement came just hours before the deadline on August 1, which in Mexico's case would have triggered a 30% tariff.

US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%

The White House announced late Thursday that US President Donald Trump has signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to take effect on August 1, 2025.