#fogo $FOGO 🌎 **Tariff Relief for Major Exporters After US Court Ruling**

China, India, and Brazil are among the countries now benefiting from **lower effective tariffs on exports to the United States**, after a federal court ruled that President Trump’s use of the *International Emergency Economic Powers Act (IEEPA)* to impose tariffs was unlawful.

Although Trump later announced plans for a **15% global tariff**, Bloomberg Economics estimates the effective average tariff rate would land closer to **12%** — the lowest level since the so-called “Liberation Day” tariffs introduced in April.

📊 **Why this matters:**

* Eases near-term trade pressure on key emerging markets

* Could support global supply chains and commodity demand

* May reduce upward pressure on the USD if tariff intensity softens

* Improves short-term sentiment for risk assets

That said, policy uncertainty remains high. Markets will now watch for legal appeals, political responses, and potential adjustments to the tariff framework.

#Tariffs #USD #Macro #EmergingMarkets #GlobalTrade #China #India #Brazil