Trump threatens 100% tariff on BRICS if they undermine U.S. dollar
“His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining.”
[Associated Press]
Trump likely to turn to tested trade law tools in his tariff offensive
“Trade lawyers and other experts say there is ample authority for [Trump] to move quickly without approval from Congress. Here are the key tools he could use in his sweeping tariff agenda.”
[Reuters]
China’s new playbook to counter Trump: Supply chain warfare
“In the first Trump administration, the Chinese government took mostly symbolic and equivalent measures following U.S. tariffs and trade restrictions. This time, China is poised to escalate its responses, experts say, and could aim aggressive and targeted countermeasures at American companies.”
[The New York Times]
WTO reappoints Okonjo-Iweala for 2nd term
“Dr. Okonjo-Iweala, who made history in March 2021 as the first woman and African to lead the WTO, will see her initial term end on August 31, 2025. Her reappointment reflects widespread support for her efforts to enhance the WTO’s relevance and address evolving global trade challenges.”
[Nigerian Observer]
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