Related News

NEW DELHI: Isro will mark its first launch of 2026 – PSLV C62 mission – on Monday (Jan 12) at 10.17 am from the first launchpad at the Sriharikota spaceport.

Product Name: Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market Click here to get Ozelyt NAD+ Booster Complex – Tap Into the $18B Longevity Market at discounted

Are we in an artificial intelligence bubble? It’s the debate that dominated the tech industry in 2025, and it’s not going away anytime soon. Record valuations and deals driven by

George H. Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg

An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images Amazon has submitted plans for a large-format store near Chicago that would be larger than a Walmart Supercenter, marking

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters OpenAI and SoftBank

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Another blow for Brazil! US slaps 50% tariff to safeguard American interests; cites Bolsonaro’s prosecution as economic emergency

Word Count: 754 | Estimated Reading Time: 4 minutes


Another blow for Brazil! US slaps 50% tariff to safeguard American interests; cites Bolsonaro's prosecution as economic emergency

US President Donald Trump on Wednesday signed an executive order enforcing his earlier threat to impose 50% tariffs on Brazil, citing the need to safeguard US interests. The order invokes a 1977 law, arguing that Brazil’s policies and the criminal prosecution of former President Jair Bolsonaro amount to an economic emergency.The tariffs come on top of an existing 10% levy and will take effect seven days after the order’s signing. However, not all imports will be subject to the 40% tariff. Exemptions include civil aircraft and parts, aluminium, tin, wood pulp, energy products, and fertilisers.The move follows through on Trump’s earlier threat to President Luiz Inacio Lula da Silva, made in a 9 July letter, and marking a significant escalation in tensions between the two nations.“Members of the Government of Brazil have taken actions that interfere with the economy of the United States, infringe the free expression rights of United States persons, violate human rights, and undermine the interest the United States has in protecting its citizens and companies. Members of the Government of Brazil are also politically persecuting a former President of Brazil, which is contributing to the deliberate breakdown in the rule of law in Brazil, to politically motivated intimidation in that country, and to human rights abuses,” a statement from White House read. The statement claimed that Brazil’s judiciary had attempted to coerce social media companies and block their users. While it did not name specific platforms, the companies involved are speculated to be X and Rumble.The US President appears to align himself with Bolsonaro, who sought to overturn the outcome of his 2022 election defeat to Lula. In a parallel development, Trump was indicted in 2023 over his own attempts to challenge the results of the 2020 US presidential election.After Trump’s announcement, Lula left an animal rights event early, stating that he needed to defend the “the sovereignty of the Brazilian people in light of the measures announced by the President of the United States,” AP reported.Trump’s Treasury Department also imposed sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, citing alleged suppression of freedom of expression and his role in the ongoing trial of Jair Bolsonaro.De Moraes is overseeing the criminal case against Bolsonaro, who stands accused of orchestrating a plot to remain in power following his 2022 election defeat.Earlier, on 18 July, the US State Department had announced visa restrictions on Brazilian judicial officials, including de Moraes.





Source link

Most Popular Articles