# [24H] New US Tariffs on 60 Partners to Jolt Global Equities and EM Currencies on Growth Fears

*Issued Thursday, July 23, 2026 at 11:02 PM UTC — Hamer Intelligence Services Desk*

**Issued**: 2026-07-23T23:02:44.440Z (4h ago)
**Expires**: 2026-07-24T23:02:44.440Z (20h from now)
**Category**: ECONOMIC | **Confidence**: 70% | **Impact**: HIGH
**Risk Direction**: escalatory
**Affected Regions**: United States, China, European Union, Emerging Asia, Latin America
**Affected Assets**: S&P 500, MSCI EM Index, Copper, Aluminum, Major EM FX (MXN, BRL, TRY, ZAR), Global Automotive and Industrial Equities
**Permalink**: https://hamerintel.com/data/forecasts/18273.md
**Source**: https://hamerintel.com/forecasts

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## Prediction

The announcement of sweeping new US tariffs on 60 trade partners is likely to trigger a risk-off move in global equities and pressure emerging-market currencies in the next 24 hours. While key commodities are exempt, investors will focus on the drag to global manufacturing and trade volumes. Industrial metals like copper and aluminum may see demand-led weakness even as defense and semiconductor names gain on US industrial policy. Confirmation would be broad equity selloffs, EM FX depreciation, and sector rotation; denial would involve rapid clarification that implementation will be gradual and carve-outs wider than initially signaled.

## Drivers

- US announcement of 10–12.5% tariffs on many nations citing forced labor
- Shift from Section 122 to Section 301 tools indicating more durable measures
- Historical correlation of broad US tariff shocks with EM risk selloffs