Some of them, however, have absolutely nothing to do with trade, and instead are being used as punishing tools of American foreign policy.
In his letter informing Lula about the tariffs, Trump described the treatment of Bolsonaro as “an international disgrace. This Trial should not be taking place. It should end…IMMEDIATELY”.
Former Brazilian President Jair Bolsonaro (Photo: Jean Carniel/ ReutersEarlier in the week, the President threatened to impose additional tariffs of 10 per cent on all nations aligning themselves with Brics, accusing the non-aligned grouping that was founded in 2006 by Brazil, Russia, India, China and South Africa of engaging in “anti-American policies”. Brics has now expanded to 11 countries, and Trump has accused it of being “set up to hurt us. Brics was set up to degenerate our dollar…and that’s Ok if they want to play that game. But I can play that game too.”
South African President Cyril Ramaphosa, for example, was informed this week that Trump plans to impose 30 per cent tariffs on his country’s exports. In a letter published on Trump’s social media account, the US President wrote that “we must move away from these longterm and very persistent Trade Deficits…our relationship has been, unfortunately, far from Reciprocal”.
Trump speaks with African leaders in the State Dining Room of the White House on Wednesday (Photo: Evan Vucci/ AP) square RUSSIA-UKRAINE WAR AnalysisTrump 'threatened to bomb Moscow' - in reality, he's afraid to hurt Putin
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Trump’s announcement this week of 50 per cent tariffs on imports of copper stunned traders and sent the price of the metal to record highs in New York. Trump insists copper imports – never previously subject to any duties – are a “national security threat” and that he intends to revive America’s domestic copper industry. But not quickly, according to Dutch finance house ING. Noting that the US currently produces only 5 per cent of the world’s copper, it warned that “building new mines in the US can take up to 29 years due to lengthy, permitting processes” that themselves can take a decade to resolve.
Back in July, Trump’s Treasury Secretary, Scott Bessent, persuaded the President to agree to negotiations that presumed his trade war would not become a “forever” war. But this week, Trump has doubled down on an entirely protectionist future for the United States. His naked use of tariffs to punish countries and groupings with which he has a beef could force them to view the United States as a hostile trading nation. Some might even cast a fresh eye on membership of his hated Brics.
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