According to Reuters, the United States will impose new tariffs of 25% on a range of goods from Brazil, including agricultural machinery and ethanol, further escalating the already highly complex trade tensions between the two countries. Meanwhile, the Trump administration is preparing to lower aluminum tariffs for companies investing in production facilities in the U.S., potentially cutting the current rate of 50% in half to 25% in order to encourage expanded investment in America. On the same morning, U.S. Trade Representative Grayer testified before the Senate regarding the government’s trade policy. These developments indicate that while the Trump administration continues to apply tariff increases to pressure trading partners, it is also using tariff reductions to attract businesses to produce within the United States.
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Original article: toutiao.com/article/1871475099676745/
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