Brazil looks to China to ride out Donald Trump's 50pc tariff
Reuters
Brazilian goods imported by the United States will soon carry one of the highest tariffs imposed by US president Donald Trump, but that will not likely derail Latin America's largest economy, due to ample exemptions and stronger trade ties with China.
The lower stakes for the Brazilian economy give president Luiz Inacio Lula da Silva more room to stand his ground against Mr Trump than most Western leaders, after calling him an unwanted global "emperor" and comparing his tariff threats to blackmail.
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Irish Independent
20 minutes ago
- Irish Independent
Trump's broad tariffs are now officially in effect
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Despite the uncertainty, the Trump White House is confident that the onset of his broad tariffs will provide clarity about the path of the world's largest economy. Now that companies understand the direction the US is headed, the administration believes it can ramp up new investments and jump-start hiring in ways that can rebalance the US economy as a manufacturing power. But so far, there are signs of self-inflicted wounds to America as companies and consumers alike brace for the impact of new taxes. What the data has shown is a US economy that changed in April with Mr Trump's initial rollout of tariffs, an event that led to market drama, a negotiating period and Mr Trump's ultimate decision to start his universal tariffs on Thursday. After April, economic reports show that hiring began to stall, inflationary pressures crept upward and home values in key markets started to decline, said John Silvia, chief executive of Dynamic Economic Strategy. 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an hour ago
- RTÉ News
Cambodia and Thailand to hammer out permanent ceasefire in Malaysia meeting
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an hour ago
- Irish Times
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