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Brazil has rejected new 12.5% US tariffs imposed under Section 301 investigations, accusing Washington of weaponizing forced labour concerns for protectionist aims. The country plans immediate WTO action.
Canadian Prime Minister Mark Carney said he has spoken with US President Donald Trump, with both sides committing to accelerate trade negotiations following Washington's imposition of additional tariffs on Canadian products.
South Korea's Industry Minister Kim Jung-kwan is travelling to Washington this week to negotiate with US officials ahead of an anticipated tariff announcement, amid concerns over forced labour investigations affecting Korean exports.
Brazil has vowed immediate economic retaliation and WTO action following Washington's imposition of a 25% tariff on select Brazilian exports, reigniting trade tensions weeks before October's presidential election.
The United States is finalising its investigation into alleged forced labour in Malaysia, with a possible 10% tariff scheduled after July 24 if findings substantiate the claims, potentially disrupting bilateral trade.
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The United States has initiated a formal investigation into Germany's pharmaceutical pricing regime, potentially opening the door to fresh tariffs. The move reflects mounting trade tensions between Washington and Europe.
India and the United States have announced substantial headway in negotiations for a comprehensive trade agreement, with both nations pledging to finalise a balanced deal. The breakthrough comes after discussions between Prime Minister Modi and President Trump at the G7 summit in France.