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%.
You might like
Israel and Lebanon will meet for the second time on Thursday in Washington
A White House spokesperson has reported that Israel and Lebanon will begin a second round of negotiations on 23 April, which will be resumed by Washington.
In the absence of a majority to overturn the Association Agreement, Kallas advocates trade measures against Israel
Last September the European Commission proposed the suspension of certain trading points of the agreement, a decision which requires only a qualified majority and does not constitute a complete breach of the treaty.
Garamendi has warned that the ACV has a "problem" with investments: "Less investment is made than in other communities."
The president of the Spanish employers has pointed out that the fact that about "half of all strikes" take place in the state in the ACV "does not help much" in attracting investment.
Iran accuses the US of violating the ceasefire after attacking a ship in Ormuz
Tehran denounces an act of "maritime piracy" and responds with drones. Tension and mistrust are growing on the verge of talks for a peace agreement.
Rumen Radev has won the Bulgarian elections, according to the first results
Radev seems likely to form a stable government, ending years of political instability. Progressive Bulgaria has won between 38% and 40% of the vote, according to the first data, gaining broad support from the other parties.
Eight children between the ages of one and fourteen have been killed in a shooting in Louisiana
According to the police, the incident was "a domestic quarrel." At first, the alleged perpetrator of the shooting fled, but was captured and later killed by police officers.
Iran says it is making progress in negotiations with the US, but the final agreement is still a long way off
Iranian President Masud Pezeshkian has replied to Trump that he cannot deprive him of his "right" to develop nuclear power.
Iran has again imposed restrictions on the Strait of Hormuz
Tehran warned today that it would close the strait again if the US did not lift the blockade on Iranian ports. US President Donal Trump has also failed to defuse tension and has warned that if he fails to reach an agreement with Iran by Wednesday, he will "start firing bombs again."
The EU says the opening of Ormuz is good news but insists that travel must be free
"The imposition of tolls for transit would set a dangerous precedent," said the European Union's High Representative for Foreign Affairs, Kaja Kallas. On the other hand, in the context of the crisis and convened by France and the United Kingdom, 50 countries and international organizations have met in Paris. They have announced the launch of a "neutral" maritime mission to "assist and protect" ships passing through the Persian Gulf.
Iran announces that the Strait of Hormuz will remain "fully open" as long as the cease-fire continues
The Iranian Foreign Minister has made this announcement just after the entry into force of the Israeli-Lebanese Summit. He has indicated that ships must follow a "notified and coordinated" route by the Iranian Port and Maritime Organization.