Trump's Global Tariff Tango: South Korea, Brazil, and India in Focus
U.S. President Trump announced new tariffs on imports from South Korea, Brazil, and India, with varying rates and exemptions. South Korea faces a 15% tariff but will increase its U.S. investments. Brazil sees a 50% tariff on most goods, excluding certain sectors. India is negotiating amidst a 25% tariff threat.
President Donald Trump has unveiled a series of tariffs affecting imports from South Korea, Brazil, and India. A 15% tariff will be imposed on South Korean goods, including automobiles, with compensatory measures ensuring U.S. market access.
Brazilian imports will face a 50% tariff, though exclusions apply to sectors like energy and aerospace. This move is part of Trump's pushback against former president Jair Bolsonaro's policies.
Meanwhile, Trump has threatened India with a 25% tariff on goods while negotiations continue. India's resistance stems from protecting local agriculture from foreign competition.
(With inputs from agencies.)
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