American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports,

Countries applying tariffs to US products will be taxed at the same level, whereas, under World Trade Organization rules, developing countries benefit from differentiated rates. The executive order also targets the EU's value-added tax.

President Luiz Inacio Lula da Silva said on Friday that Brazil would react to U.S. President Donald Trump's decision to issue tariffs on steel imports, suggesting his government could file a complaint at the World Trade Organization,

Brazilian President Luiz Inácio Lula da Silva hinted that his government may retaliate against President Donald Trump's recent imposition of steel tariffs, signifying a major turn in the escalating trade war.

President Trump on Saturday announced that value-added tax systems in other countries will be treated like tariffs — and included in his new plan to impose US levies to match. “We will consider countries that use the VAT System,

President Trump has announced he will charge all nations exactly the same as they impose, claiming 'the US has been treated unfairly by friend and for for many years.'