President Trump’s latest round of tariffs will hit key Global South powers particularly hard. Both India and Brazil are facing 50% duties that have little to do with trade imbalances. For India, the tariffs are retaliation for its Russian oil imports, while for Brazil the levies come in response to the prosecution of Trump’s ally, former President Jair Bolsonaro. Trump has also threatened additional tariffs on India and Brazil due to their participation in BRICS, which the president accuses of being “anti-American.”
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