NEWS & BLOG
Views: 0 Author: Site Editor Publish Time: 2025-07-10 Origin: Site
Two Waves of Tariff Letters:
20%: Philippines
25%: Brunei, Moldova
30%: Algeria, Iraq, Libya, Sri Lanka
50%: Brazil.
25%: Japan, South Korea, Kazakhstan, Malaysia, Tunisia
30%: South Africa, Bosnia and Herzegovina
32%: Indonesia
35%: Bangladesh, Serbia
36%: Thailand, Cambodia
40%: Laos, Myanmar.
First Wave (July 7): Trump sent letters to 14 countries, imposing tariffs ranging from 25% to 40%, effective August 1, 2025.
Second Wave (July 9): Additional 8 countries were targeted, with Brazil facing the highest rate of 50%.
Brazil’s Strong Reaction:
President Luiz Inácio Lula da Silva rejected the tariff as "unfair," citing $410 billion in U.S. trade surplus with Brazil over 15 years .
Brazil may retaliate using its Reciprocity Law, potentially imposing 50% tariffs on U.S. goods.
Trump’s 50% tariff on Brazil is linked to political tensions, including Brazil’s prosecution of former President Jair Bolsonaro, which Trump called a "political witch hunt" .
Brazil’s Response:
Market & Diplomatic Impact:
The Brazilian real (BRL) fell nearly 3% against the dollar after the announcement.
Despite the tariffs, U.S. stock markets remained stable, suggesting investors expect last-minute negotiations.
