NEW DELHI: In a major trade development, the United States has announced steep tariffs on imports from Brazil and Iraq. President Trump revealed a 50% tariff on Brazilian goods and a 30% tariff on imports from Iraq, citing legal and national security concerns as the primary reasons behind the move.
The decision has triggered strong international reactions, with economic analysts warning of rising global trade tensions. Both Brazil and Iraq have expressed concern over the implications of the tariffs, which are expected to impact key sectors, including agriculture and energy.
This move marks a significant shift in the U.S.'s trade posture and could set the stage for further diplomatic negotiations or retaliatory measures in the coming weeks.
