President Donald Trump has announced a 50% tariff on products from Brazil, set to take effect next month.
On Wednesday, President Trump declared that his administration will impose a 50% tariff on goods imported from Brazil beginning 1 August. The announcement was made in a letter addressed to Brazilian President Luiz Inacio Lula da Silva.
Trump specified that this tariff would be applied in addition to existing sectoral tariffs.
Brazilian President Luiz Inacio Lula da Silva said on Wednesday that his country would respond in kind after 50% tariffs hikes were announced on Brazilian exports to the United States.
"Any unilateral move to increase tariffs will be met with a response under Brazil’s Economic Reciprocity Law," a statement from Lula’s office declared.
The U.S. president also voiced support for former Brazilian President Jair Bolsonaro.
Trump has expressed criticism of the BRICS countries, a group of emerging economies that includes Brazil. This latest tariff move underscores ongoing trade tensions between the United States and Brazil.
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Türkiye plans to acquire the necessary defence systems from its NATO allies and other partners until its domestically produced fighter jet, KAAN, is ready for delivery, a source from the Turkish Defence Ministry said on Thursday.
Nokia chief executive Justin Hotard said artificial intelligence is fuelling a structural growth cycle similar to the internet expansion of the 1990s, but rejected fears that investor enthusiasm has reached unsustainable levels.
A delegation of ambassadors from NATO member states will visit Azerbaijan on 6–7 November, according to Report. The group will include envoys from 15 NATO countries.
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete Hegseth said on Wednesday. The operation marks an expansion of the Trump administration’s use of the armed forces in its counter-narcotics campaign.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye plans to acquire the necessary defence systems from its NATO allies and other partners until its domestically produced fighter jet, KAAN, is ready for delivery, a source from the Turkish Defence Ministry said on Thursday.
Talks between Thailand and Cambodia this week have made "meaningful progress", Thai defence minister Natthaphon Narkphanit said on Thursday, ahead of the potential signing of a broader ceasefire agreement.
The U.S. military conducted strikes against two vessels in the eastern Pacific Ocean, killing five alleged drug smugglers, U.S. Defense Secretary Pete Hegseth said on Wednesday. The operation marks an expansion of the Trump administration’s use of the armed forces in its counter-narcotics campaign.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know.
The European Union will agree in principle to provide Ukraine with the financing it needs for the next two years, EU Council chief Antonio Costa said.
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