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Trump issued an executive order imposing an additional tariff on goods from India over its Russian oil purchases. Meanwhile U.S. tariffs on goods from Brazil kicked in at midnight on Wednesday.
Brazil is facing fresh challenges after the United States decided to impose a steep 50% tariff on many of its key exports.
With a total 50% levy, India joins Brazil at the top of Washington’s tariff table as tensions rise over Russian oil imports.
The United States imposed an additional 40% tariff on Brazil, bringing the total tariff amount to 50% on Brazilian imports.
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