Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans

Countries and TerritoriesReciprocal Tariff, Adjusted
Afghanistan15%
Algeria30%
Angola15%
Bangladesh20%
Bolivia15%
Bosnia and Herzegovina30%
Botswana15%
Brazil10%
Brunei25%
Cambodia19%
Cameroon15%
Chad15%
Costa Rica15%
Côte d`Ivoire15%
Democratic Republic of the Congo15%
Ecuador15%
Equatorial Guinea15%
European Union: Goods with Column 1 Duty Rate[1] > 15%0%
European Union: Goods with Column 1 Duty Rate < 15%15% minus Column 1 Duty Rate
Falkland Islands10%
Fiji15%
Ghana15%
Guyana15%
Iceland15%
India25%
Indonesia19%
Iraq35%
Israel15%
Japan15%
Jordan15%
Kazakhstan25%
Laos40%
Lesotho15%
Libya30%
Liechtenstein15%
Madagascar15%
Malawi15%
Malaysia19%
Mauritius15%
Moldova25%
Mozambique15%

Myanmar (Burma)40%
Namibia15%
Nauru15%
New Zealand15%
Nicaragua18%
Nigeria15%
North Macedonia15%
Norway15%
Pakistan19%
Papua New Guinea15%
Philippines19%
Serbia35%
South Africa30%
South Korea15%
Sri Lanka20%
Switzerland39%
Syria41%
Taiwan20%
Thailand19%
Trinidad and Tobago15%
Tunisia25%
Turkey15%
Uganda15%
United Kingdom10%
Vanuatu15%
Venezuela15%
Vietnam20%
Zambia15%
Zimbabwe15%
So Trump TACO on Brazil again, he was angry to impose 50% on August 1, but now only 10%. So, the lesson, one has to fight the bully hard with weights as Lula did to have him back down.
 
Look like SEA big economies still get good competitive tarrif.

In this regard, competitor of ASEAN which is India get higher tarrif
 
So Trump TACO on Brazil again, he was angry to impose 50% on August 1, but now only 10%. So, the lesson, one has to fight the bully hard with weights as Lula did to have him back down.
There are 2 rates for Brazil. 10% is for food items, wood, minerals, energy and plane parts - basically goods that are essential for the US economy.

All items not included in the list are subject to an additional 40% tariff. So, he did follow through on the 50%.
 
Countries and TerritoriesReciprocal Tariff, Adjusted
Afghanistan15%
Algeria30%
Angola15%
Bangladesh20%
Bolivia15%
Bosnia and Herzegovina30%
Botswana15%
Brazil10%
Brunei25%
Cambodia19%
Cameroon15%
Chad15%
Costa Rica15%
Côte d`Ivoire15%
Democratic Republic of the Congo15%
Ecuador15%
Equatorial Guinea15%
European Union: Goods with Column 1 Duty Rate[1] > 15%0%
European Union: Goods with Column 1 Duty Rate < 15%15% minus Column 1 Duty Rate
Falkland Islands10%
Fiji15%
Ghana15%
Guyana15%
Iceland15%
India25%
Indonesia19%
Iraq35%
Israel15%
Japan15%
Jordan15%
Kazakhstan25%
Laos40%
Lesotho15%
Libya30%
Liechtenstein15%
Madagascar15%
Malawi15%
Malaysia19%
Mauritius15%
Moldova25%
Mozambique15%

Myanmar (Burma)40%
Namibia15%
Nauru15%
New Zealand15%
Nicaragua18%
Nigeria15%
North Macedonia15%
Norway15%
Pakistan19%
Papua New Guinea15%
Philippines19%
Serbia35%
South Africa30%
South Korea15%
Sri Lanka20%
Switzerland39%
Syria41%
Taiwan20%
Thailand19%
Trinidad and Tobago15%
Tunisia25%
Turkey15%
Uganda15%
United Kingdom10%
Vanuatu15%
Venezuela15%
Vietnam20%
Zambia15%
Zimbabwe15%
Also, all transhipped goods from any destination country, not just Vietnam, would be subject to the same 40% rate.
 
There are 2 rates for Brazil. 10% is for food items, wood, minerals, energy and plane parts - basically goods that are essential for the US economy.

All items not included in the list are subject to an additional 40% tariff. So, he did follow through on the 50%.
Lol, nearly everything from Brazil is essential for US then. Brazil's top exports to the US include a variety of goods, with a significant focus on mineral fuels (like crude and refined petroleum), iron and steel, and machinery. Other notable exports include aircraft and related parts, as well as agricultural products like coffee and beef.

Top US Imports from Brazil | US Import Data for Imports from Brazil​


Mineral fuels and oils are the most imported commodity by the US from Brazil in 2023, worth $8.31 billion followed by iron and steel and nuclear machinery. The top 10 imports by the US from Brazil in 2023 according to US Shipment data and US-Brazil trade activities include:

1. Mineral Fuels and Oils (HS code 27): $8.31 billion

2. Iron and Steel (HS code 72): $4.56 billion

3. Nuclear reactors and machinery (HS code 84): $3.14 billion

4. Aircraft, spacecraft, and parts thereof (HS code 88): $1.74 billion

5. Wood and articles of wood (HS code 44): $1.63 billion

6. Pulp of wood (HS code 47): $1.58 billion

7. Coffee, tea, and spices (HS code 09): $1.44 billion

8. Electrical machinery and equipment (HS code 85): $1.30 billion

9. Vehicles (HS code 87): $1.28 billion

10. Preparations of vegetables, fruits, nuts, or parts of plants (HS code 20): $971.85 million
 
Lol, nearly everything from Brazil is essential for US then. Brazil's top exports to the US include a variety of goods, with a significant focus on mineral fuels (like crude and refined petroleum), iron and steel, and machinery. Other notable exports include aircraft and related parts, as well as agricultural products like coffee and beef.

Top US Imports from Brazil | US Import Data for Imports from Brazil​


Mineral fuels and oils are the most imported commodity by the US from Brazil in 2023, worth $8.31 billion followed by iron and steel and nuclear machinery. The top 10 imports by the US from Brazil in 2023 according to US Shipment data and US-Brazil trade activities include:

1. Mineral Fuels and Oils (HS code 27): $8.31 billion

2. Iron and Steel (HS code 72): $4.56 billion

3. Nuclear reactors and machinery (HS code 84): $3.14 billion

4. Aircraft, spacecraft, and parts thereof (HS code 88): $1.74 billion

5. Wood and articles of wood (HS code 44): $1.63 billion

6. Pulp of wood (HS code 47): $1.58 billion

7. Coffee, tea, and spices (HS code 09): $1.44 billion

8. Electrical machinery and equipment (HS code 85): $1.30 billion

9. Vehicles (HS code 87): $1.28 billion

10. Preparations of vegetables, fruits, nuts, or parts of plants (HS code 20): $971.85 million
Vehicles are certainly not exempt and neither is electrical or nuclear machinery. Wood pulp is exempt but I don't think wood articles are. Not sure whether iron is classified as a mineral but steel would definitely be taxed at a higher rate.
 

Almost 200 new Brazilian coffee companies have been approved to export their products to the Chinese market according to a social media post by the Chinese Embassy in Brazil, as the threat of 50 per cent tariffs on Brazilian goods by the United States (US) becomes reality.

The tariffs imposed on the world’s largest coffee producer by the US will come into effect on 6 August, and is the highest rate placed on any country by President Donald Trump.

Coffee is not part of the list of products exempted from the tariffs, which include iron and steel products, passenger vehicles, and components used in civil aircraft, which are covered by other specific tariff policies.

The 183 new Brazilian coffee companies now approved to export products to China took effect on 30 July.

The Council of Coffee Exporters Brazil (Cecafe) reports Brazil exported more than 440,000 60-kilogram bags of coffee into the US in June, and close to 56,000 to China.

In the 12 months ending in June 2025, Brazil’s coffee export trade to the US was valued at about US$4.4 billion.

According to the social media post made by the Chinese Embassy in Brazil, the approved certification of the 183 Brazilian coffee companies is valid for five years.

China’s decision to open its market to more Brazilian coffee companies has come weeks after it announced it would be slashing tariffs on a host of African coffee producing countries as part of the expanding China-Africa declaration.
 
China’s decision to open its market to more Brazilian coffee companies has come weeks after it announced it would be slashing tariffs on a host of African coffee producing countries as part of the expanding China-Africa declaration.

Wait a minute...so what was China's big excuse for sticking Africa with a coffee tariff????

Remember the Chinese PDF mantra "tariffs never benefit countries!!!!"
 
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In spite of the tariffs, my investment portfolio has recovered from the announcement and is ahead of where it was the day of the announcement.
 
Wait a minute...so what was China's big excuse for sticking Africa with a coffee tariff????

Remember the Chinese PDF mantra "tariffs never benefit countries!!!!"

China previously imposed an 8% tariff on African coffee. This was because the WTO framework imposes an 8% tariff on MFN countries.

We are simply adhering to WTO conventions.

China's current zero tariff on African coffee is a special preferential treatment for these countries, once abused by Western colonizers.
 
China previously imposed an 8% tariff on African coffee. This was because the WTO framework imposes an 8% tariff on MFN countries.

We are simply adhering to WTO conventions.

China's current zero tariff on African coffee is a special preferential treatment for these countries, once abused by Western colonizers.

That’s absolutely absurd. The WTO does not dictates minimum tariffs.

Go lookup the reason again instead of the default Chinese blaming somebody else game.



ChatGPT a Chinese forum wrote this about the history of coffee tariffs on some African countries. I find it to be the usual Chinese offloading blame

“China previously imposed an 8% tariff on African coffee. This was because the WTO framework imposes an 8% tariff on MFN countries.

We are simply adhering to WTO conventions.

China's current zero tariff on African coffee is a special preferential treatment for these countries, once abused by Western colonizers.”

ChatGPT:
You’re right to scrutinize statements like this, especially when they attempt to reframe trade policy as purely benevolent or to shift blame. Let’s break this down objectively, fact-check the claims, and look at the broader context:


🔍 Claim Breakdown

Claim 1: “China previously imposed an 8% tariff on African coffee because WTO MFN rules required it.”

Verdict: Misleading.
  • The WTO MFN (Most Favored Nation) principle does not impose tariffs, it simply requires members to treat all WTO countries equally unless part of a preferential agreement.
  • In other words, China chose to set its MFN tariff on coffee at 8%. That rate wasn’t imposed by the WTO — it was China’s own policy decision within the WTO framework.

Think of MFN as a “ceiling of fairness,” not a required tax. Countries are free to set tariffs at any level (including 0%), as long as they apply the same rate to all MFN countries unless a Free Trade Agreement or special preference exists.


Claim 2: “China’s current zero tariff on African coffee is a special preferential treatment.”

Verdict: Largely true, but leaves out context.

  • China does offer duty-free, quota-free access for many Least Developed Countries (LDCs), most of which are in Africa. This is part of its bilateral development agenda, not WTO obligations.
  • Many countries, including the EU under the “Everything But Arms” initiative and the U.S. under AGOA, have also granted similar or better access to African exports.
  • So, while it’s accurate that China now gives preferential treatment, it is not unique nor exceptionally generous in doing so — and it followed other powers.

Claim 3: “Once abused by Western colonizers.”

Verdict: True in historical terms, but used rhetorically.

  • European colonialism severely harmed African economies, including coffee-producing countries like Ethiopia, Rwanda, and Uganda, through forced labor, exploitation, and extractive trade practices.
  • But this statement seems to be used less to highlight colonial injustice and more to contrast China’s role as benevolent — which oversimplifies and politicizes the issue

🌍 What’s Left Unsaid?

  • China still imports very little coffee from Africa compared to Latin America or Asia.
  • Much of China’s African coffee imports are small-batch, specialty, or symbolic — not part of a large-scale commercial relationship.
  • Tariff reductions, while helpful, don’t solve the bigger problems African farmers face: logistics, infrastructure, value-addition capacity, and market access.

✅ Conclusion

Your instinct is right: the statement simplifies WTO rules and frames a political decision as a rule-bound necessity, then pivots to moral superiority over the West. It’s part accurate, but spun to cast China in a flattering light while downplaying its agency.

If you’re interested, I can show you WTO documents or China’s tariff schedules to back any of this up.
 
After Japan confirmed $550 billion in investments, Trump abruptly reversed his promise, accusing Japan of misunderstanding his terms. Instead of a 15% tariff, he added another 15% to the base tariff. This means the tariff on autos, which is Japan's most pressing concern, will reach 42.5%.



 
After Japan confirmed $550 billion in investments, Trump abruptly reversed his promise, accusing Japan of misunderstanding his terms. Instead of a 15% tariff, he added another 15% to the base tariff. This means the tariff on autos, which is Japan's most pressing concern, will reach 42.5%.



 
Sectoral tarrif in pharma and semi conductor will be imposed at 100 %, only those who invest in USA will be excluded (only big ones )
 

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