BRICS, Trump and tariff
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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,
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.
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,
It’s almost as if tariffs are the new sanctions. Consider Trump’s announcement Wednesday that Brazil will face 50 percent tariffs. He made that threat in part because he’s upset about how the current Brazilian government is treating former Brazilian President JAIR BOLSONARO,