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Trump Imposes 50% Tariff on Brazil, Faces Legal Challenges

8/1/2025

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Trump Unveils Tariffs

In a bold move, President Trump unveiled new tariffs impacting 68 nations, slapping a staggering 50% on Brazil and 15% on Lesotho. This strategy seeks to rectify trade disparities after talks with Mexico. However, legal battles loom as judges scrutinize the administration's power under the International Emergency Economic Powers Act.

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India's Market Decline

India's stock market took a hit on Thursday, with the Sensex slipping 0.36% to 81,185.58 and the Nifty down 0.35% to 24,768.35. A momentary rebound was overshadowed by persistent selling, raising alarms among analysts who warn that US tariffs could dent GDP by 0.2-0.35%, hitting the textiles and pharmaceuticals sectors hard.

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Trump Unveils Tariffs

In a bold move, President Trump unveiled new tariffs impacting 68 nations, slapping a staggering 50% on Brazil and 15% on Lesotho. This strategy seeks to rectify trade disparities after talks with Mexico. However, legal battles loom as judges scrutinize the administration's power under the International Emergency Economic Powers Act.

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