- USA
  location (geo:U.S., geo:the United States, geo:USA, geo:United States, org:the United States, geo:US, org:U.S., org:US)

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

Reuters

Summary

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Australia faces being dragged into Donald Trump’s widening trade war even if it escapes punitive tariffs after the US president signalled an assault against taxes such as the GST and domestic protections on everything from TV content rules to regulations on foreign ownership of property.
Brisbane Times
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President Donald Trump signed a presidential memorandum on Thursday initiating a new reciprocal tariff system.
Newsweek
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For all the ways in which nations may contemplate retaliating against the U.S. for President Donald Trump's aggressive tariff threats — from potential 100% tariffs on Teslas to banning bottles of liquor made in red states — one of the more opaque methods of global economic war may occur far away from the world of customs agents and consumer prices, dipping a little deeper into the world of corporate tax and profits of multinational corporations.
CNBC
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Countries applying tariffs to US products will be taxed at the same level, whereas, under World Trade Organization rules, developing countries benefit from differentiated rates.
Le Monde

■ Story #364 ▪

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updated 88:88

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