This is a bit of a surprise. I mean, we knew, of course, some sort of higher tariff was in play. But to go from what the presumption was, was ten, maybe even 15% to all the way 50%, what's driving that at the baseline scenario was like a 10% tariff.But then after the rhetoric between both countries this week, some portfolio managers spoke to, they're expecting a slightly higher number, which could be around 20%. But then Trump announced that a much higher, a much bigger number of 50%. And the reaction in th ...

Trade Relations & Tariffs - The US president threatened Brazil with a 50% tariff, the steepest tariff threatened against any trading partner this week [1] - The US Trade Representative is directed to investigate unfair digital trade practices, potentially leading to further tariffs [2] - Unlike other trade disputes, the US has a trade surplus with Brazil, meaning there is no deficit to address [2] Political Motivations - The tariffs are explicitly for political reasons, citing Brazil's treatment of Bolsinaro and attacks on free elections and free speech [3] Brazil-China Relations - Beijing is heavily investing in Brazil, seeking to diversify away from the US [4] - Approximately 28% of Brazil's exports, amounting to 94 billion dollars annually, go to China [4] - Only about 12% of Brazil's exports are directed to the US [4]

While tariff headlines have dominated the newsflow this week, there’s been little to derail a rally in US stocks. Get market insights on Bloomberg Surveillance. @tomkeene @ptsweeney are Live on YouTube! https://t.co/m9IglISGoz ...

Trade Relations & Geopolitics - The US is considering imposing a 50% tariff on all exports from Brazil starting August 1st, potentially disrupting trade with the 16th largest US trading partner [1] - The tariff imposition is linked to the US perception of unfair treatment of former Brazilian President Gaier Bolsinaro, marking a departure from primarily trade-related motivations [3] - The sitting president of Brazil, Lula, has expressed strong opposition to any foreign interference or toutelage from other nations in response to the US actions [5] - The US is also concerned about Brazil's treatment of US tech firms, citing unfair fines and legal cases against social media platforms like Meta [7] US Trade Policy & Tactics - The US Trade Representative is directed to initiate a tariff investigation into unfair trade practices related to digital policies in Brazil [8] - The US views tariffs as a tool for political control, influence, and domination over other nations, beyond just trade and economic considerations [8]

President Trump Hikes Brazil Tariff Rate to 50%, Nvidia Hits $4 Trillion Value and Texas Flood Recovery Efforts Continue. Get all the news you need to start your day on the Bloomberg Daybreak podcast. https://t.co/PKp5kXIi4o ...

Brazil's currency plunges as Trump hits the country with a 50% tariff.Get the latest on this and the rest of the new you need to start your morning with the Daybreak Europe Podcast: https://t.co/je0TsUDGsA ...

US-Malaysia Trade Negotiations - Negotiations with the US are ongoing, with the timeline extended to August [1][2] - Malaysia seeks to engage all stakeholders to reach a conclusion in negotiations [4] - Key issues under discussion include agriculture standards and recognition of the digital economy [5] - Malaysia aims for mutual recognition of various standards, especially in agriculture [16] - Malaysia emphasizes the need to address the trade imbalance, highlighting its positive trade surplus with the US, which is based on the US numbers, it's about 25 billion USD in 2024 [13][14][15] Tariffs - Malaysia's average tariff to the US is around 56% [6] - While initially aiming for a 0% tariff rate, the discussion now focuses on an average tariff, with a potential floor of 10% [7] - Some sectors like semiconductors and pharmaceuticals may remain exempt from the 10% tariff [8] Economic Impact and Mitigation - Potential multiple tariffs could impact Malaysia's economy by 50 to 100 basis points (0.5% to 1%) in 2025, depending on the scope and exceptions [24] - Malaysia's GDP growth is forecasted at 45% to 55% [25] - Mitigation strategies include diversifying markets, increasing access to existing markets, and supporting exporters [27] Multilateralism and Trade Relations - Malaysia supports the principle of multilateralism and engages with all countries, believing in a rule-based multilateral order with the WTO at its core [19][20] - Malaysia is applying to be a member of BRICS, viewing it as an important platform for trade and investment, similar to the EU, DCC, and RCEP [17][18] - ASEAN member countries are engaging with the US and have agreed not to take retaliatory measures [22][23]

It is day 171 of the second Trump administration and here's what we saw earlier. Donald Trump escalating his new strategy of trying to define global trade with another letter campaign. This morning he posted letters to more countries to inform them of the new tariff rate on their goods if they do not make a deal with us by August 1st.Those countries were the Philippines, Sri Lanka, Muldova, Brunai, Libya, Iraq, and Algeria. For the record, none of those countries are among the United States's top 30 trading ...

Market Trends - Australia's beef exports to the US experienced a significant increase in June [1] Trade Policy Impact - The rise in beef exports occurred despite the implementation of Trump's new tariff regime [1]

The Philippines will hold further negotiations with the US after Washington increased its planned tariff rate https://t.co/zmur4GtQzO ...