On November 20, 2025, the White House announced a significant adjustment to the tariffs imposed earlier this year on Brazilian goods. The modification narrows the scope of the additional 40 percent ad valorem duty introduced under Executive Order 14323, “ Addressing Threats to the United States by the Government of Brazil ,” issued on July 30, 2025. The full text of the modification to the July 30, 2025 Executive Order can be found here: https://www.whitehouse.gov/presidenti

On November 14, 2025, the White House took a significant step by issuing a new Executive Order that modifies the previously established Executive Order 14257. This earlier order laid the groundwork for what is known as “reciprocal tariffs” under the authority of the International Emergency Economic Powers Act (IEEPA). The newly introduced directive marks a pivotal change in trade policy by removing more than two hundred specific agricultural and food products from the existi

Following Oral Arguments at the U.S. Supreme Court in November 2025, the odds of the Trump Administration prevailing in the IEEPA (Reciprocal Tariffs) case have dropped sharply according to some sources. Current prediction market and expert assessments (as of early November 2025):• Polymarket : The likelihood of the Supreme Court upholding the existing tariff regime has fallen to roughly 27%, down from over 50% before oral arguments began. ( Investing.com , Nov. 2025 )• Trade

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