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Trump hits India and Brazil with high tariffs [MSNBC.com]
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President Donald Trump slapped higher trade duties on two new nations Wednesday, while offering a reprieve to a third — his latest trade-war declarations in what has become a cornerstone of his second administration.Imports from India now face a 25% tariff, Trump said in a social media post earlier in the day, along with an unspecified penalty for what Trump said was an over-reliance on Russian energy and military equipment. The president later signaled talks with India were ongoing.Shortly before 4 p.m., Trump said Brazil was now facing a 90% tariff, up from 50%, as the administration alsosanctioned theFinally, Trump said South Korea had made “an offer to buy down” the 25% duty level it is currently facing. “I will be interested in hearing what that offer is,” Trump wrote on his Truth Social platform. NBC Newshas reportedThe announcements come ahead of a Friday trade negotiation deadline that Trump said earlier Wednesday “stands strong” and “will not be extended.”The president has su
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