Donald Trump Tariffs

Trump Slaps 50% Tariff on Brazil Over Bolsonaro Trial, Sparks Retaliation Warning

2025-07-10 CoolPal

Trump Slaps 50% Tariff on Brazil Over Bolsonaro Trial, Sparks Retaliation Warning In a significant escalation of international trade tensions, U.S. President Donald Trump announced plans just hours ago to impose a sweeping 50% tariff on goods imported from Brazil. The move, detailed in a recent social media communication, targets alleged “attacks” on U.S. tech companies and what Trump terms a “witch hunt” against former Brazilian President Jair Bolsonaro, who is currently facing prosecution for his alleged role in a…

G7 Grants US Exemption from Minimum Tax Amid Looming Tariff Deadline

2025-06-29 CoolPal

G7 Grants US Exemption from Minimum Tax Amid Looming Tariff Deadline The Group of Seven (G7) nations have reportedly agreed to exempt U.S. firms from new global minimum tax rules, a move aimed at de-escalating burgeoning trade tensions with the United States. This significant development comes as the European Union and the U.S. approach a critical July 9 deadline, with U.S. President Donald Trump having threatened substantial tariffs, potentially as high as 50 percent, on European goods if a trade…

Trump Halts Canada Trade Talks, Deepening Tariff Uncertainty for Businesses

2025-06-28 CoolPal

Trump Halts Canada Trade Talks, Deepening Tariff Uncertainty for Businesses President Donald Trump has abruptly terminated trade discussions with Canada, citing disagreements over Canada’s digital services tax. This sudden breakdown, announced via social media on Friday, plunges Canadian businesses further into uncertainty, exacerbating an already volatile tariff dispute. The move comes as Canada’s economy shows significant strain, growing only 0.8% in the first quarter of 2025 and contracting by 0.1% in April. This slowdown is largely attributed to the ongoing…

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