Wall Street closes in the green after the new tariffs

NEW YORK (EFE) — Wall Street closed with modest gains yesterday, in a session marked by the continued tariff policy of President Donald Trump's administration . The market reacted without surprises, assimilating the new tariffs as part of the current environment.

The Nasdaq technology index rose 0.09%, closing at 20,630 points after reaching a new all-time high. The Dow Jones Industrial Average advanced 0.43% to close at 44,650 points. The S&P 500 also set an intraday record, closing with a 0.27% gain at 6,280 points.

The most recent trade announcements came on Wednesday, when President Trump imposed a 50% tariff on all copper imports, effective August 1. A similar measure was enacted for Brazilian products.

Trump argued that the decision on Brazil is a response to that country's treatment of former President Jair Bolsonaro , who was being prosecuted by the Supreme Court . He also mentioned the need to correct what he considers an "unfair" trade relationship.

Meanwhile, US Secretary of State Marco Rubio indicated in Kuala Lumpur, during the ASEAN foreign ministers' summit, that all countries will receive "at some point" a letter with tariff notifications on their exports to the US.

According to financial sector analysts, markets have begun to normalize these types of measures. "The market has become numb to all these tariff back-and-forths," said Mike Dickson of Horizon Investment in an interview with CNBC.

In Brazil, the São Paulo stock market traded lower during the day. The Ibovespa index fell as much as 1.08% in the early hours, but by midday, it had moderated its loss to 0.48%, closing at 136,773 points, down from 137,480 the previous day.

The Brazilian real also showed a sharp depreciation against the dollar , reaching almost 5.60 reais per dollar at the start of trading. It later stabilized at 5.54 reais per dollar, representing a drop of 0.83%.

Among the most affected companies were Embraer (-4.19%), Minerva (-4.01%), and Cosan (-3.18%), all with close commercial ties to the United States. Analysts point to the vulnerability of these companies in the face of the new tariff scenario.

Investment bank BTG Pactual estimated that US tariffs could reduce Brazilian exports by $1.3 billion by 2026. This decline would be equivalent to a 0.6% contraction in the South American country's Gross Domestic Product.

Meanwhile, in the US, the minutes of the Federal Reserve 's last meeting revealed a split among its members over interest rate policy. Some favor maintaining them, while others support the cuts proposed by Trump.

Tariff moves and monetary policy decisions will continue to shape international financial markets in the coming weeks amid global uncertainty.