BRICS, Trump and tariff
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Trump tariffs on Brazil are being seen by experts as a direct "message" to BRICS countries, especially India and China, warning them not to threaten US interests.
For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,
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MiBolsilloColombia on MSNTariffs 'Not 100% Firm': Trump's Strategy Sparks Global BRICS FuryPresident Donald Trump's administration has reignited global trade debates with its ambiguous tariff strategy, extending deadlines and provoking strong international reactions.
Trump’s new tariff letters have sent shockwaves across global markets as he targets 22 countries with tough new trade threats just weeks before the August 1 deadline. From close allies like Japan and South Korea to BRICS nations like Brazil and South Africa,
President Trump and the first lady plan to visit flood-damaged areas of Texas on Friday. Meanwhile, Mr. Trump is threatening to impose a 50% tariff on Brazilian imports starting next month. He suggested the tariffs are partially in retaliation for the ongoing criminal trial against former Brazilian President Jair Bolsonaro,
President Donald Trump threatened to double the baseline universal tariff to 20%, citing record stock gains to dispel fears that such a move would hammer the global economy. Even as financial markets barely budged on the news,