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China added 10 US firms to its export control list, banning dual-use exports, and prohibited government procurement from nearly 50 US companies. The move follows the Pentagon's blacklisting of major Chinese firms like Alibaba and Baidu, and is seen as a retaliatory yet largely symbolic escalation in the US-China trade war.
Four months after the US Supreme Court blocked his earlier tariff plan, President Trump’s administration has launched a new Section 301 strategy targeting more than 80 economies for alleged forced labor. The proposal includes additional tariffs of up to 12.5% on imports from allies like the EU, UK, Canada and Japan, as well as many developing nations. Experts warn the policy could push global trade away from the US while raising costs for American consumers and businesses.
Brazilian President Lula has criticized a new US proposal to impose 25% tariffs on certain Brazilian imports, calling it unacceptable treatment. The tariffs, announced by the Trump administration, reverse earlier optimism about improving bilateral ties. Lula said Brazil remains open to seeking other trade partners if necessary.
The Trump administration has proposed new tariffs on imports from 60 economies, citing inadequate action against forced labor. The plan, which includes rates of 10% and 12.5%, faces strong opposition from trading partners and is framed as a remedy after earlier tariffs were struck down by US courts.
President Trump's administration announced a proposed 25% tariff on Brazilian imports, citing what it calls unreasonable trade practices. Despite a U.S. trade surplus with Brazil, tensions are rising amid political crossfire between President Lula and allies of his challenger, Senator Flávio Bolsonaro.
The Trump administration has proposed a new 25% tariff on imports from Brazil, accusing the country of unfair trade practices related to deforestation, digital trade, and agreements with Mexico and India. The tariff would be imposed under Section 301 of U.S. trade policy, with a public comment period beginning Thursday.
The U.S. plans to impose 25% tariffs on EU auto imports, reversing a previous agreement that set the rate at 15%. The move will most severely impact European luxury automakers, particularly German brands. Experts warn the tariffs will be passed on to consumers and could spark EU retaliation.
