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)

An American Flag hangs from a crane 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 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)

A truck carries a shipping container 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)

Cranes 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)

Trucks exit from 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)

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)