Trump avoided his standard form letter with Brazil, specifically tying his tariffs to the trial of Bolsonaro, who is charged with trying to overturn his 2022 election loss. Earlier, Trump had described Bolsonaro as a friend and hosted him at his Mar-a-Lago resort when both were in power in 2020. Trump addressed his tariff letter to Brazilian Presid

South Korea earned a record surplus of $55.6 billion from trade with the US in 2024, up 25% from 2023, led by rising car exports. Trump therefore reminded the new South Korean President Lee Jae Myung that the relationship has been far from reciprocal. He invited South Korea to present a proposal to open its closed trading markets and eliminate tari

The delays also could suggest that Trump does not quite have the amount of leverage that he thought he had. If this is so, the trade partners of the US need not unnecessarily panic. If the White House does not get the expected result, another extension announcement by Trump would not be a surprise. The most unfortunate part of Trump’s tariff war

the 16 per cent already placed on cotton products. It is however, a two percentage point dip from the initial 37 per cent Trump had previously announced in April. The industry has already been hit hard by a student-led revolution that toppled the government in 2024. Similarly, South African President Cyril Ramaphosa said the 30 per cent US tariff r

Indonesia and Bangladesh, and into India. Though New Delhi and Washington have been pushing to finalise the deal, disagreements over dairy and agriculture are sticking points. The agricultural sector employs half of India’s workforce and contributes to about 18 per cent of the country’s GDP. There are fears that if American farm produce starts