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TraderKKS
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#TrumpTariffs 🇺🇸 President Donald Trump has recently announced sweeping new tariffs targeting a wide range of countries, reigniting global trade tensions. Here’s a breakdown of what’s happening:
🔍 Key Highlights - 50% tariffs on Brazil starting August 1, following a political spat with President Lula over the treatment of former President Bolsonaro. - Tariff letters sent to 14 countries, including Japan, South Korea, Malaysia, and Bangladesh, with rates ranging from 25% to 40%. - BRICS nations may face an additional 10% tariff if they align with what Trump calls “anti-American policies”. - New tariffs are part of Trump’s “Liberation Day” strategy, aimed at correcting trade imbalances and punishing countries he claims have taken advantage of the U.S..
🌍 Countries & Tariff Rates | Country | New Tariff Rate | Notes | |----------------------|-----------------|--------------------------------------------| | Brazil | 50% | Political retaliation | | Japan & South Korea | 25% | Trade imbalance concerns | | Laos & Myanmar | 40% | Highest among new rates | | Cambodia & Thailand | 36% | Electronics and textiles impacted | | Bangladesh & Serbia | 35% | Apparel and manufacturing sectors hit |
📈 Market Impact - U.S. stock markets dipped following the announcement, with major indices falling nearly 1%. - Brazilian currency and stocks also took a hit, especially companies like Embraer and Petrobras.
🧭 What’s Next? - Countries have until August 1 to negotiate trade deals or face the new tariffs. - Some, like Japan and South Korea, are actively seeking concessions, while others, like South Africa, have criticized the move as unilateral.
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