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Trump floats 15 to 20% blanket tariff on trading partners
Trump floats 15 to 20% blanket tariff on trading partners
Economy
by  AFP

US President Donald Trump on Thursday said he was considering imposing a 15 or 20 percent blanket tariff on countries that had not yet received specific notifications, effective August 1. In his letters to leaders from more than 20 countries, Trump outlined duties ranging from 20 percent to 50 percent -- in the case of Brazil -- that would take effect on August 1.

Why is Trump lashing out at Brazil?
Why is Trump lashing out at Brazil?
Economy
by  AFP

US President Donald Trump has announced a 50 percent tariff on Brazilian imports as he accused the country's leftist leadership of orchestrating a "witch hunt" against his right-wing ally, former leader Jair Bolsonaro. Bolsonaro calls Trump a "friend" and says they are both victims of "persecution."