YES on Trump issues executive action imposing new/increased tariffs (with effective date) in July 2026

The Jul 15 Brazil memorandum (25% on all Brazilian goods, USTR notice effective Jul 22) is signed; if the resolver requires the effective date inside the presidential document it may not count (June settled 2 days after a qualifying EO; 5 days of non-settlement here is the warning sign, priced at -10 pts). But the Section 122 10% global surcharge lapses Jul 24 and the White House is reportedly ready to replace it with presidential levies that would carry in-text effective dates (-5 pts for an agency-only or post-Aug-1 path). Cleanest tail: resolver strictness on the Brazil memo AND the 122 replacement drafted as another dateless memorandum.