An Atlantic Container Line (ACL) ship is seen at Port Newark Container Terminal in Newark, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

Shipping containers are seen at Port Newark Container Terminal in Newark, New Jersey, on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

The APL Sentosa container ship is seen at Port Liberty in Bayonne, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

Shipping containers are seen at Port Liberty, in Bayonne, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

Shipping containers are seen at Port Liberty, in Bayonne, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

The APL Sentosa container ship is seen at Port Liberty in Bayonne, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

The APL Sentosa container ship is seen at Port Liberty in Bayonne, New Jersey on July 24, 2026. US President Donald Trump slapped sweeping new tariffs on 60 trading partners and saw 25-percent duties take effect on Brazilian products. Both cases involved an authority that has previously been used to impose levies. (Photo by Kena Betancur / AFP via Getty Images)

Food vendor William Arevalo poses for a picture in his electric battery powered food cart in Flushing Meadows-Corona Park on July 23, 2026 in New York City. Walk around New York and you'll likely hear the chugging of petrol generators powering the city's tens of thousands of food carts. But not William Arevalo's. (Photo by ANGELA WEISS / AFP via Getty Images)