🚨#TRUMP 's sudden shifts make his policies baffling to countries trying to negotiate lower tariffs🚨
President Trump's recent trade moves have left countries uncertain about how to navigate his shifting tariffs. Here's the latest:
🚨 Unpredictable Tariffs
Trump announced a 35% tariff on imports from Canada 🇨🇦, starting August 1, despite ongoing negotiations. This follows Canada's concession to drop a digital tax on U.S. tech companies.
Trump is also considering raising his 10% baseline tariff to 20% on many goods as part of funding his tax cuts.
🇧🇷 Tensions with Brazil
Trump imposed a 50% tariff on Brazil due to political disagreements over Jair Bolsonaro. The move is seen as using tariffs to influence domestic political matters in Brazil, despite the U.S. having a trade surplus with the country.
🧠 Confusing Strategy
Former U.S. trade negotiator Wendy Cutler notes that Trump’s unpredictability makes it hard for trading partners to know where they stand.
Countries like Malaysia 🇲🇾 are resisting U.S. demands, with “red lines” on key issues like government contracts and digital taxes.
⚖️ Countries Look for Alternatives
Nations are seeking ways to reduce reliance on the U.S. as the global trade landscape shifts. Canada and others are exploring new trade pacts with Southeast Asia and China 🇨🇳.
💥 Strategic Moves
Countries are focusing on minimal concessions to avoid giving in to Trump’s tough demands, hoping to outlast his administration.
As Trump pushes for "public wins" rather than real agreements, nations continue to balance compromise and resistance.
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