On July 10th local time, Brazilian President Lula said in an interview that in response to US President Trump's announcement of a 50% tariff on goods imported from Brazil, Brazil will impose a tariff of the same rate (50%) on US goods based on the "Commercial Reciprocity Law".
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Behind the price increase of a cup of coffee is the difficult situation of South America's largest economy being pushed into a global trade vortex, as well as the imminent rise in commodity prices on US supermarket shelves.
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Recently, Panasonic Holdings, a world-renowned electronics manufacturer, announced the postponement of its plan to build a third electric vehicle battery plant in the United States.
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Ferrero Group announced on Thursday that it will acquire Kellogg's for approximately $3.1 billion at a price of $23 per share.
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Recently, a heavyweight news has attracted global attention: the United States has reached a trade agreement with Vietnam.
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On July 8, 2025, US President Trump dropped a bombshell at an inner-cabinet meeting: He proposed imposing a 50% additional tax on imported copper and hinted that it could be implemented as early as late July or early August.
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On July 9th local time, Trump posted a letter to Brunei, Algeria, Moldova, Iraq, the Philippines, Sri Lanka, Libya and Brazil on the social media platform "Truth Social", announcing that the United States would impose a 20% tariff on products from the Philippines starting from August 1st, 2025, a 25% tariff on products from Brunei and Moldova, a 30% tariff on products from Algeria, Iraq, Sri Lanka and Libya, and a 50% tariff on all imported goods from Brazil.
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President Donald Trump specifically imposed a 50% import tax on Brazil on Wednesday in response to the handling of former President Jair Bolsonaro, indicating that the driving force behind US leaders' use of tariffs is not simply economic considerations but personal grievances.
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On July 9, 2025, according to OFI, the Argentine government raised the export taxes on soybeans, corn and sunflower seeds again starting from July 1.
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On July 7, 2025, US President Trump announced on social media platforms that starting from August 1, the United States would impose import tariffs ranging from 25% to 40% on 14 countries including Japan and South Korea.
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The Trump administration, the ruling party in the US, is facing another economic backlash, with its aggressive economic policies triggering a chain reaction that is pushing American society to the brink of instability.
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