Trump Tariff War: Goldman Sachs Analyzes Brazil’s 30.8% Rate and Korea’s $350B Trade Deal

Goldman Sachs analysts have calculated that the TRUMP administration's tariff on Brazilian imports will reach an effective rate of 30.8%, accounting for exemptions in the White House Executive Order. This marks a six-percentage-point reduction from prior estimates.

Meanwhile, South Korea has secured a $350 billion investment deal with the U.S., as announced by Kim Yong-beom, the country's presidential policy chief. The agreement contrasts sharply with Brazil's trade challenges, positioning Korea favorably amid global trade tensions.

Commerce Secretary Howard Lutnick emphasized the economic benefits of the Korea-U.S. deal, highlighting its potential advantages for American interests. The divergent outcomes underscore the strategic importance of negotiation in mitigating trade pressures.