Brazil Threatens Retaliation as Trump Sets 50% Tariffs
Lula vows 50% retaliatory tariffs if Trump enforces U.S. duties on Brazil, rattling coffee and juice markets and raising the stakes in a mounting trade clash.
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Lula vows 50% retaliatory tariffs if Trump enforces U.S. duties on Brazil, rattling coffee and juice markets and raising the stakes in a mounting trade clash.
As the U.S. tariff pause expires, countries from Canada to India weigh compromise or resistance in the face of strong-arm tactics shaping the global trade game.
President Trump imposed 50% tariffs on copper imports and Brazilian goods from August 1, 2025, aiming to boost U.S. industry and reshape global trade.
President Trump vows no extensions to the August 1 tariff deadline, spurring trade talks with the UK, Vietnam, Japan, South Korea, the EU and the Chinese mainland.
Japan refuses U.S. tariff terms, marking a shift in their long-standing trade alliance and sparking global trade ripple effects.
China’s foreign ministry warns there are no winners in trade or tariff wars following President Trump’s delayed August 1 tariff threat.
Scholar Zhu He says markets will find their way around tariffs as China-US trade adapts and global supply chains reshape.
Japan’s refusal to bow to U.S. tariff demands marks a new chapter, challenging a longstanding ‘plastic friendship’ and reshaping global economic ties.
Japanese PM Shigeru Ishiba calls President Trump’s planned 25% tariffs truly regrettable and pledges to press for mutually beneficial trade talks to protect Japan’s economy.
China pushes back at Trump’s threat of an extra 10% tariff on BRICS nations, stressing openness and warning that there are no winners in tariff wars.