A meeting between Vladimir Putin and Donald Trump is expected next week, according to Kremlin aide Yuri Ushakov. Following weeks of negotiations, the US Customs and Border Protection agency is implementing higher tariffs ranging from 10% to 50%. Leaders from Brazil and India have reacted against Trump's tough stance while attempting to negotiate lower tariffs. The tariffs are part of Trump's strategy to reduce US trade deficits, but they present risks of global supply chain disruption. Trump declared on Truth Social that significant economic benefits would begin flowing into the United States shortly after the tariffs take effect.
The US Customs and Border Protection agency began collecting higher tariffs of 10% to 50% after weeks of negotiations regarding Trump's final tariff rates.
Brazil and India pledged not to yield to Trump's hardline bargaining stance, even as their negotiators sought a reprieve from the highest tariff levels.
Trump's strategy focuses on shrinking US trade deficits without causing disruptions to global supply chains, although the new tariffs will test that strategy.
On Truth Social, Trump emphasized that billions from countries that have exploited the United States would start flowing into the country.
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