Summary: US President Donald Trump unveiled a new round of tariff demand letters, including a 50% rate on Brazil, citing the treatment of former President Jair Bolsonaro. Trump also announced tariffs on several other countries, including Algeria, Libya, Iraq, Sri Lanka, Brunei, Moldova, and the Philippines. The levies, largely in line with previously announced rates, aim to address trade deficits and historical trade practices, with Trump emphasizing the importance of reciprocal trade.

Link: https://www.theedgesingapore.com/news/global-economy/trump-unveils-new-tariff-rates-including-50-levy-brazil