Trump, tariff and Things Stand
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In May, the U.S. Court of International Trade (CIT) ruled that President Donald Trump exceeded his statutory authority when he invoked the International Emergency Economic Powers Act (IEEPA) to impose stiff,
The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump’s constantly evolving trade agenda.
Lula was responding to Wednesday's threat by his US counterpart, Donald Trump, to impose a 50% import tax on Brazilian goods from 1 August. In a letter, Trump cited Brazil's treatment of former President Jair Bolsonaro as a trigger for tariff-hike.
Brazil’s President forcefully rebuked Trump after the U.S. leader called the prosecution of Lula’s predecessor, Bolsonaro, a “witch hunt” and hiked tariffs on the Latin American nation.
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Al Jazeera on MSNWhat’s behind Trump’s 50 percent tariff for Brazil despite trade surplus?United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup.
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President Donald Trump has announced in a letter on social media that Canadian goods will be subject to a 35% tariff rate starting Aug. 1. It marks an aggressive increase
South African President Cyril Ramaphosa opposes President Trump's 30% tariff on imported goods, arguing it's based on inaccurate trade data. Ramaphosa emphasizes negotiation readiness while highlighting existing tariffs and urging businesses to explore alternate markets.
Trump's letter to Ramaphosa included incentives and warnings, offering tariff exemptions for companies that relocate manufacturing to the US.
Trump's 50% Tariff on Brazilian Goods Like Coffee and Orange Juice Could Drive up US Breakfast Costs
President Donald Trump’s threat to boost import taxes by 50% over Brazilian goods could drive up the cost of breakfast in the United States