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President Lula announced a new interministerial committee to coordinate trade countermeasures after US President Trump imposed a 50% tariff on Brazilian imports, citing political disputes involving Bolsonaro.
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President Trump has announced steep new tariffs, including 25% on Japan and South Korea, and new taxes on 12 more countries, stoking fears of slower economic growth and prolonged trade battles.
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The 126-paragraph statement by the leaders of 11 BRICS countries touched on a gamut of subjects from outer space to deep sea.
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Trump made remarks while speaking to reporters before departing White House for a rally in Michigan marking the first 100 days of his second administration. “India is coming along great. I think we'll have a deal with India," said the president
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"On Day One, President Trump initiated his America First Trade Policy to make America's economy great again," it said. "More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.
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Musk, an adviser to President Donald Trump has played a key role in government downsizing as the head of the newly created Department of Government Efficiency
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On Wednesday, his focus was explicitly on skilled workers.
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Other countries hit with higher rates are the UK, Japan, South Korea, Indonesia, Taiwan, the EU, Vietnam, Cambodia, Switzerland, Bangladesh, Pakistan and Sri Lanka.
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Mary Ng, minister of export promotion, international trade and economic development, said that Canada was seeking formal consultations with the US regarding tariffs on steel and aluminum
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The executive actions follow a discussion Trump held with Mexican President Claudia Sheinbaum and negotiations between Canadian and Trump administration officials
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"India charges auto tariffs higher than 100 per cent," he said in his address to a joint session of Congress on Tuesday, outlining his policies
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Trump says tariffs are to force the two US neighbours to step up their fight against fentanyl trafficking and stop illegal immigration
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The 30-share BSE benchmark Sensex tumbled 731.91 points to 76,774.05 in early trade and NSE Nifty slumped 243 points to 23,239.15
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These are promises made and promises kept by the President, says White House press secretary Karoline Leavitt
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Donald Trump said he can't guarantee that his promised tariffs on key US foreign trade partners won't raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned.
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According to the US President-elect, the move is aimed at checking the flow of illegal immigrants and drugs into the country
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"One of the key elements of my plan to make America extraordinarily wealthy again is reciprocity. It's a crucial word because we generally don’t impose tariffs. I started addressing this with vans and small trucks, and it was great progress. Meanwhile, China imposes a 200 percent tariff on us, Brazil is also a heavy charger, but the highest tariffs come from India," Trump stated during a major economic policy speech in Detroit.
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The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products
