Trump Imposes New Tariffs on India and Brazil, Targets Copper Imports
President TRUMP escalated trade tensions Wednesday with a series of aggressive tariff measures. India faces a potential 25% duty on goods, while Brazil confronts 50% levies. The moves come as Trump criticized India's existing tariff structure and hinted at additional penalties tied to its relationship with Russia.
Three executive orders implemented immediate changes: semi-finished copper products will carry a 50% tariff starting August 1, though scrap materials were exempted. The administration also closed a loophole for low-value imports under $800, effective August 29. The Brazilian tariffs include apparent exemptions for critical imports like orange juice, while the order contains political commentary about former President Bolsonaro's legal troubles.
