Trump, BRICS 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,
President Donald Trump threatened to add a 10% tariff rate on BRICS-aligned countries. The term first applied to 4 countries but the group expanded.
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The Well News on MSNTrump, Pushing for Trade Deals, Unveils Latest Round of Sweeping TariffsPresident Donald Trump signed a new round of tariff demand letters on Wednesday, warning that levies ranging from 25% to 40% would go into effect in August if the targeted countries fail to reach new trade deals with the U.
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US.
U.S. President Donald Trump broadened his global trade war on Tuesday as he announced a 50% tariff on imported copper and said long-threatened levies on semiconductors and pharmaceuticals were coming soon.