Trump has sanctioned several countries and rewarded others with tariffs
India and Brazil, members of the international organization BRICS, including Russia, have failed to reach an agreement with Trump. Even Canada could find negotiation difficult, especially after the announcement of official recognition of the State of Palestine.
Donald Trump, US President, at the White House.
In the last few hours there have been some new developments in the US President's trade war. Beste has signed an executive order to raise taxes on imports from Brazil. Donald Trump, in revenge for actions taken by local authorities against his political ally.
Specifically, ithas imposed an additional 40% tax on products imported from Brazil , raising the total tariff to 50%, "to counter the policies" of Luiz Inacio Lula da Silva'sgovernment , especially "for political reasons" against former Brazilian President Jair Bolsonaro .
Likewise, India has not been able to negotiate a 25% tariff and will punish it for its "close economic relations" with Russia, according to Trump. India and Brazil are members ofthe international organization BRICS , including Russia.
Likewise, Canadacould find negotiation difficult, especially after the announcement of official recognition of the State of Palestine.
Meanwhile, the USA has reached the\u00A0agreements with\u00A0 South Korea, imposing a 15% tariff on products imported from that country, thus accepting investments of US $350 billion and not imposing any extra tariffs on the country.
Pakistan, Thailand, and Cambodiahave also joined countries that have agreed new trade rules with Trump. In the case of Pakistan, they are below the initially announced 29%, and the US has the opportunity to develop its large oil reserves with the government.
In recent hours, the President of the United States has also signed an executive order imposing 50% tariffs on imports of semiconductor copper products, including pipes, cables and sheets.
The new tariffs on foreign imports arriving in the United States will enter into force this Friday, but the terms of the agreement with theEuropean Union have not yet been clarified. For example, it is not clear whether wine and oil will be exempted from 15% of European products, or whether steel and aluminum will pay 50%.
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