According to data from Global Trend Alert, the country will see, on average, a reduction of 13.6 percentage points in tariffs
Brazil will be the biggest beneficiary of the 15% global tariffs imposed by United States President Donald Trump. The information comes from Global Trade Alert, an independent organization that monitors trade policies, and was published by the “Financial Times” newspaper. According to the data, the country will see, on average, a reduction of 13.6 percentage points in tariffs.
China, the United States’ biggest commercial rival, is also not left out. It will have a reduction of 7.1 percentage points. On the other hand, allies of the North Americans, such as the European Union, the United Kingdom and Japan, will suffer the most from the Republican’s new tariffs.
This Sunday (22), on a trip to India, President Luiz Inácio Lula da Silva (PT), declared that he hopes to tell his American counterpart, Donald Trump, that he wants all countries to be treated in the same way, without the powerful imposing their will on weaker nations. “I want to tell President Trump that we do not want a new Cold War. We want to have equal relations with all countries. We want to treat everyone on equal terms and receive equal treatment from them”, declared Lula after his visit to India.
Lula and Trump are likely to meet in March.
Supreme Court ruling
The imposition of new trade tariffs by the United States is related to the Supreme Court decision, which on Friday (20) ruled that Donald Trump exceeded his authority by imposing a series of tariffs that destabilized global trade, blocking a fundamental tool that the president has used to implement his economic agenda.
The Supreme Court, with a conservative majority, ruled by six votes to three, affirming that the International Emergency Economic Powers Act (IEEPA) “does not authorize the president to impose tariffs”.
In reaction to the decision, . “I, as President of the United States of America, will be, effective immediately, increasing the 10% Worldwide Tariff on Countries, many of which have been ‘exploiting’ the US for decades, without retribution (until I arrive!), to the fully permitted and legally tested level of 15%,” Trump wrote.
In the post, the American president says that the decision was made based on “an exhaustive, detailed and complete review of the ‘ridiculous’, poorly written and extraordinarily anti-American decision on Tariffs issued yesterday (Friday, 20), after many months of contemplation, by the Supreme Court of the United States”.
