From LNG surplus to $20.70 scramble: How Hormuz turned Pakistan’s gas market upside down

The United States plans to impose a 25% tariff on certain imports from Brazil under Section 301 of the Trade Act, U.S. Trade Representative Jamieson Greer said on July 15. The move marks the first major action against a country under President Donald Trump's new tariff strategy. U.S. Secretary of State Marco Rubio accused Brazil of failing to negotiate with the United States in good faith and criticised President Luiz Inacio Lula da Silva for allegedly putting his own interests ahead of a trade deal. The tariff decision follows a year-long U.S. probe into Brazilian policies covering digital trade, tariffs, intellectual property, ethanol access and deforestation. Washington said these policies burden U.S. commerce. The announcement comes after months of intensive but largely unproductive negotiations between the two countries. Brazil had reportedly been preparing for the possibility of new U.S. tariffs on thousands of its exports. With Brazil now becoming the first country targeted under Trump's Section 301 tariff strategy, global markets and investors will closely track the next phase of U.S.-Brazil trade relations. #Trump #Brazil #Tariff #USTariff #TradeWar #Section301 #USBrazil #Lula #MarcoRubio #GlobalMarkets #TradeNews #Geopolitics Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news. #live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: /moneycontrol Twitter: /moneycontrolcom Instagram: /moneycontrolcom