Former President Donald Trump is demanding an immediate stop to Bolsonaro’s trial and has imposed a hefty 50% tariff on Brazilian imports, escalating the growing tensions between the US and Brazil, reports The Guardian
Browsing: tariffs increase
In a recent statement, former President Trump suggested that tariffs on Mexico and Canada could potentially increase, indirectly acknowledging the economic uncertainties ahead. He refrained from dismissing the possibility of a recession, raising concerns among analysts.
In a significant move, President Trump has announced a 10% increase in tariffs on Chinese imports, escalating trade tensions between the two countries. This strategy aims to protect U.S. industries but may further complicate global supply chains and consumer prices.