Trump's recent tariff announcements included a 35% tariff on Canadian goods, claiming financial retaliation from Canada. The White House indicated that many existing exemptions would still apply. During the week, over 20 trade partners received tariff letters from Trump, ranging from 20% to 40%, with a notable 50% levy on Brazilian goods. Tariffs are being used as leverage over foreign governments, including military aid threats regarding prosecution actions in Israel and Brazil. These actions raised legal concerns and prompted significant reactions from affected nations.
Trump announced a 35% tariff on Canadian goods late Thursday on Truth Social, claiming Canada had "financially retaliated" to earlier duties.
Many carveouts currently in place with US tariffs on Canadian goods would remain, such as oil and certain sector-specific duties.
Trump sent a barrage of tariff letters to over 20 trade partners, setting levels of 20% to 40% except for a 50% levy on goods from Brazil.
He threatened military aid to Israel if it didn't cease its prosecution of Bibi Netanyahu and warned Brazil regarding its prosecution of Jair Bolsonaro.
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