$PEPE
The Trump administration issued an executive order to raise tariffs to 50% on India as a retaliatory step against the continued purchases of Russian oil. Brazilian President Luiz Inácio Lula da Silva, who is also facing a similar tariff, pledged to coordinate a joint response from the BRICS bloc. Trump issues 50% of retaliatory tariffs against India, Lula to coordinate a joint BRICS response, the Trump administration continued to accelerate its retaliatory tariffs against countries that do not align with its international policies. On Wednesday, President Donald Trump issued "Addressing Threats to the United States from the Russian Federation," hiking the adjusted tariff rate from 25% to 50% on India, considering "the direct or indirect import of Russian oil." The White House clarified that these actions were deemed that the president "considers India's import of Russian oil undermines U.S. efforts to counteract harmful Russian activities," and that this behavior "enables the Russian economy to finance its aggression." The new tariff will take effect 21 days after August 7 if Trump does not change his mind on the matter, as has happened several times before. #Notcoin
