14 h. ago Brazil plans retaliation to Trump tariffs as analysts warn of growing China ties

Brazil scrambled to craft a measured but strong response to US President Donald Trump’s surprise tariff hike on Thursday in hopes of shielding key industries, while analysts predicted the tariffs would drive the country closer to China. Trump sent a letter to President Luiz Inácio Lula da Silva on Wednesday confirming that Brazilian exports would face 50 per cent duty starting August 1. He claimed the measure would punish what he called “unfair trade barriers” and political “persecution” of...

Events

14 h. ago Brazil plans retaliation to Trump tariffs as analysts predict growing China ties

Brazil scrambled to craft a measured but strong response to US President Donald Trump’s surprise tariff hike on Thursday in hopes of shielding key industries, while analysts predicted the tariffs would drive the country closer to China. Trump sent a letter to President Luiz Inácio Lula da Silva on Wednesday confirming that Brazilian exports would face 50 per cent duty starting August 1. He claimed the measure would punish what he called “unfair trade barriers” and political “persecution” of...

Politics

20 h. ago Philippines urged to ‘double down’ in talks over 20% tariff with Trump

The move by US President Donald Trump to impose a higher-than-expected tariff on the Philippines signals his unwavering determination to pressure Washington’s trade partners to do their part in reducing the US deficit in tandem with its intensifying rivalry with China, according to analysts. Trump announced on Wednesday that the tariff on Philippine exports to the US would be 20 per cent, above the 17 per cent that he had previously threatened to impose. He said Washington’s trade partners were...

Politics

34 h. ago That $20 dress direct from China now costs $30 after Trump closed a tariff loophole – and the US will soon end the ‘de minimis’ exemption for the rest of the world, too

That $20 dress direct from China now costs $30 after Trump closed a tariff loophole – and the US will soon end the ‘de minimis’ exemption for the rest of the world, too  The Conversation

Economics

38 h. ago Trump tariffs live updates: Trump blasts Brazil with 50% tariff, puts copper tariff at 50% in effect August 1

Trump tariffs live updates: Trump blasts Brazil with 50% tariff, puts copper tariff at 50% in effect August 1  Yahoo Finance

Politics

56 h. ago In show of unity against Trump, Brazil and India vow to triple trade flows

As US President Donald Trump revved up his tariff threat against Brics, Brazil and India responded with a show of unity as they vowed to triple bilateral trade during Indian Prime Minister Narendra Modi’s state visit to Brasilia on Tuesday. Describing the US dollar as the “king”, Trump on Tuesday claimed that Brics was set up to hurt the US and “degenerate” the dollar. He added that Brics nations, including India and Brazil, would “have to pay 10 per cent if they’re in Brics”. “If they want to...

Politics

2 d. ago ‘Treated like servants’: Taiwan on edge as US tariff deadline passes

Anxiety is running high in Taiwan as the island nervously awaits the outcome of its tariff negotiations with the United States, amid growing concern it could be hit with duties of 25 per cent or higher – well above the 10 per cent rate Taipei had hoped for. The worry stems from US President Donald Trump’s sweeping tariff regime, announced in April, which gave trade partners 90 days to negotiate new terms or face tariffs mirroring those imposed on US exports. With the grace period now over,...

Events

3 d. ago Malaysia seeks urgent trade talks with US after 25% tariff blow

Malaysia will press ahead with talks towards a “comprehensive” trade agreement with the United States, its trade ministry has said, as Kuala Lumpur races to soften the blow of a newly imposed 25 per cent tariff on its exports unveiled by US President Donald Trump. On Monday, Trump revealed he had sent letters to leaders of 14 countries announcing tariffs ranging from 25 to 40 per cent, in an apparent gambit to accelerate trade negotiations. The new 25 per cent tariff on Malaysian goods is one...

Politics

3 d. ago Trump tariffs live updates: Trump sets August tariff rates on Japan, South Korea, and more in 14

Trump tariffs live updates: Trump sets August tariff rates on Japan, South Korea, and more in 14-letter spree  Yahoo Finance

Politics

3 d. ago Brics leaders silent about Trump’s threat of more US tariffs on member nations

The leaders of Brics nations remained silent on Monday in the face of US President Donald Trump’s latest tariff threat against the bloc, offering no public response to what critics called an alarming act of economic intimidation. Trump said on Sunday that he would impose an additional 10 per cent tariffs on imports from Brics members and aligned countries that pursue what he called the group’s “anti-American policies” after Brics issued a leaders’ declaration condemning tariffs, unilateralism...

Politics

3 d. ago Brazil’s Lula rebukes Trump on tariff threat as Brics bloc remains silent

Brazilian President Luiz Inácio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

3 d. ago ‘We don’t want an emperor’: Brazil’s Lula speaks up as Brics silent on tariffs

Brazilian President Luiz Inacio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

3 d. ago Chinese AI scientists, Beijing’s message to Brics: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump vows tariff boost for ‘anti-American’ policies as China urges Brics action US President Donald Trump has threatened to slam an additional 10 per cent tariffs on countries supporting what he calls “anti-American policies” after the leaders of Brics nations condemned unilateral tariffs. 2. Australia’s Albanese to address Darwin Port sale on China...

Politics

4 d. ago Beijing rejects Trump’s tariff warning, says Brics promotes ‘win

Beijing rejects Trump’s tariff warning, says Brics promotes ‘win-win cooperation’  Malay Mail

Events

4 d. ago Trump’s Vietnam tariff pact challenges Asean unity in key summit

Southeast Asian nations are scrambling to recalibrate their approach to US tariffs ahead of a key diplomatic gathering that starts in Kuala Lumpur on Tuesday, as Washington’s preference for one-on-one trade deals casts doubt over Asean’s collective bargaining power. US President Donald Trump on Sunday announced a delay to the next round of his sweeping “Liberation Day” tariffs – pushing the deadline from July 9 to August 1 – to give time for finalising deals with 18 major trade partners,...

Politics

4 d. ago Li Qiang urges Brics collective action as Trump tariff deadline looms

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

Politics

4 d. ago As tariff truce deadline nears, China’s premier has a message for Brics nations

Chinese Premier Li Qiang has urged Brics nations to lead reforms of global governance, calling on member states to uphold independence and act collectively amid the threat of higher tariffs from the United States. “As the leading bloc of the Global South, Brics countries should strive to be a pioneering force in advancing the reform of global governance,” Li said in a speech at the Brics summit on Sunday. At an event widely seen as a direct challenge to the Western-led world order, the premier...

Politics

5 d. ago Investors head into Trump tariff deadline benumbed and blasé

Investors head into Trump tariff deadline benumbed and blasé  Reuters

Economics

6 d. ago Trump tariffs live updates: Trump to start sending out tariff letters as July 9 deadline looms

Trump tariffs live updates: Trump to start sending out tariff letters as July 9 deadline looms  Yahoo Finance

Politics

9 d. ago US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News

US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News - Hindustan Times  Hindustan Times

Economics