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Trump Imposes 50% Tariff on Brazil

Trump Imposes 50% Tariff on BrazilBRICS cooperation – senior official”>

brazil is set to advance cooperation among BRICS nations, signaling a potential defiance of actions taken by former U.S. President Donald Trump. This move comes in the context of past trade disputes and accusations leveled by Trump against the economic bloc.

During his presidency,Trump implemented tariff measures,prompting a strong reaction from brazilian President Luiz inacio Lula da Silva. At the time, Lula stated that Trump was elected to lead the U.S., not to act as a global authority. Lula also expressed disbelief at the nature of Trump’s communications, describing them as perhaps fake news and a departure from established diplomatic protocols between heads of state.

Trump had previously threatened additional tariffs on all BRICS member countries, citing concerns that the bloc aimed to undermine the U.S. dollar‘s status as the global reserve currency. In a separate instance, Trump announced a 25% tariff and further penalties on India, citing its continued trade relations with Russia.India responded by stating its intention to take necessary measures to protect its interests and reaffirmed its commitment to negotiating a fair and mutually beneficial trade agreement with the United States.

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