The White House publishes a list of tariffs for 92 countries, with increases ranging from 10% to 41%, seeking to compensate for fiscal cuts. The EU will apply a 15% tariff on European products, while Brazil and Canada face increases. There are no changes in tariffs to China. The markets react negatively, increasing economic uncertainty.
China imposes high tariffs on Brazil in response to the political crisis, affecting key sectors such as industry and agriculture. Trump justifies the measure politically, excluding the aeronautical sector, which benefits Embraer. Moraes faces Magnitsky Act sanctions. The conflict between Brasilia and Washington persists in a tense triangle with Obama, Trump, and Bolsonaro.
The crisis in Gaza causes tensions between Trump and Netanyahu, with growing international pressures to lift the blockade. Although temporary ceasefires have been suspended to deliver aid, the conflicts continue. The international community and Europe demand action in response to the dire humanitarian situation, considering sanctions against Israel.
The EU accepts a 15% tariff to avoid worse consequences in exports to the U.S., giving a victory to Trump. This interim agreement with the U.S., avoiding higher tariffs, is seen in Europe as a capitulation given the lack of determination. Reactions are varied, reflecting national positions.
The 25th EU-China Summit was cordial but lacked concrete solutions on trade and the war in Ukraine. The EU sees China as a partner, competitor, and rival, with the Comprehensive Agreement on Investment (CAI) suspended in 2021. Challenges persist in the trade balance and Chinese overcapacity, showing divergent priorities and complexity in bilateral economic relations.
