EU proposes tariff reductions to implement EU-U.S. deal
“These proposals are the first steps in said implementation and ensure tariff relief by the US for the vital EU automotive sector starting retroactively from 1st of August.”
[European Commission]
U.S. companies doing business in China say they’re staying put despite tariffs
“Nearly 40% say they are actively reorienting supply chains — though only about 20% of them are considering shifting any of that production back to the United States.”
[New York Post]
Lula authorizes retaliation after Washington’s 50 percent tariffs hit Brazil
“The Foreign Trade Chamber, Camex, now has thirty days to decide whether the case qualifies for retaliation. If it does, Brazil could introduce countermeasures within 210 days, though deadlines may be shortened.”
[The Rio Times]
Trump stands firm on India tariffs as Modi reiterates Russia, China ties
“Some analysts have said Trump’s steep tariffs and his souring attitude toward Modi have inadvertently led India to seek closer ties with Russia and China. Modi met with Chinese President Xi Jinping on Sunday.”
[The Hill]
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