Trump’s Tariff Surge Targets Brazil and Beyond | Business and Finance News

Trump’s administration is revving up trade wars again, slapping a 25% tariff on Brazil starting July 22nd — with exemptions for oil, beef, coffee, and oranges — citing digital trade barriers and alleged bad-faith negotiations. Brazil’s president calls it a “lamentable milestone,” noting the U.S. actually runs a trade surplus with them. But this is just the opening salvo: parallel probes target forced labor in goods from 55 countries, potentially triggering 10% tariffs on the EU and 12.5% on others including China. The EU already labels these moves “unjustified,” while more investigations loom — targeting overcapacity and Vietnam — all part of a broader strategy to undo previous Supreme Court rulings that canceled billions in tariffs. Global trade is about to get a whole lot more turbulent. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/745eb78dae0883e7