Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals

Trade Relations Overview - President Trump's new tariff rates are set to take effect, impacting countries that have not finalized trade deals, with import duties ranging from 10% to 40% [2] - Temporary truces have been established with Mexico and China to allow for ongoing negotiations [2] India - Trump announced a substantial increase in tariffs on Indian goods due to India's purchase and resale of sanctioned Russian oil, which he claims supports Russia's wartime economy [5][6] - India's trade practices and high tariffs have been significant obstacles in negotiations, with Trump expressing dissatisfaction over India's previous commitments to reduce tariffs [7] - In 2024, India had a trade deficit of nearly $46 billion with the U.S., with total trade valued at approximately $130 billion, including U.S. exports worth $41 billion and imports worth $87 billion [8] Canada - Tariffs on Canadian goods have been raised from 25% to 35%, following earlier tariffs imposed on steel and automobiles [11] - Canada retaliated with $43 billion in tariffs against U.S. goods, complicating trade relations [11] - Key trade categories between the U.S. and Canada include energy, motor vehicles, aerospace products, and agricultural goods valued at $30 billion [12] Brazil - Brazil faces a 50% tariff on imports, with certain categories like aircraft and aluminum exempted, amid tensions with President Lula da Silva [16] - The tariffs are perceived as retaliatory measures linked to the prosecution of former President Jair Bolsonaro, which Trump has criticized [16] - Lula has condemned the tariffs as "economic blackmail," and trade negotiations between the U.S. and Brazil are currently stalled [16]