tariff war | DD News

July 18, 2025 9:22 AM

Lula says he won’t take orders from foreigner Trump, calls tariffs blackmail

Brazilian President Luiz Inacio Lula da Silva on Thursday said he would not take orders over tariffs from a foreigner, referring to U.S. President Donald Trump, and later called the United States' threatened duty "unacceptable blackmail." The comments, made during two separate events, mark a continuation of a spat between the two leaders that escalated when the U.S. announced a 50% tariff on Brazil last week. Trump attributed the tariff, set to start in August, to Brazil's treatment of former ...

July 17, 2025 4:42 PM

G20 finance chiefs meet under tariff cloud in South Africa

South Africa urged G20 countries to provide global and cooperative leadership to tackle challenges including rising trade barriers as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats. The G20, which emerged as a forum for cooperation to combat the 2008 global financial crisis, has for years been hobbled by disputes among key players that have been exacerbated by Russia's war in Ukraine and Western sanctions on Moscow. Host South Africa, unde...

July 16, 2025 9:18 AM

Trump sets 19% tariff on Indonesia goods in latest deal, EU readies retaliation

President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while offering fresh details on planned duties on pharmaceuticals. Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit. Letters setting tariff rates for dozens of...

June 30, 2025 9:53 AM

China’s weak factory activity maintains pressure for more stimulus as tariff risks weigh

China's manufacturing activity shrank for a third straight month in June, though at a slower pace, as increases in new orders, purchasing volumes and supplier delivery times signalled that policy support rolled out since late last year is taking effect. But business sentiment remains subdued, Monday's survey showed, with employment, factory gate prices and new export orders still languishing, and keeping alive calls for even more stimulus as authorities deal with U.S. President Donald Trump's t...