Trump’s new flat-rate tariff is a boost for China and Brazil
Financial Times • • nation
Key Points:
- Donald Trump’s new 15% global tariff will most benefit countries previously targeted by his trade policies, such as Brazil and China, which will see significant reductions in their average tariff rates according to Global Trade Alert analysis.
- Long-standing US allies like the UK, the EU, and Japan will face increased tariffs, with the UK experiencing the largest rise, reversing previous trade deal benefits and causing concern among exporters and trade officials.
- The tariff regime replaces the struck-down International Emergency Economic Powers Act (IEEPA) tariffs and is set for 150 days, with the administration signaling a shift toward country-specific tariffs under Section 301 investigations.
- US trade representatives emphasize continuity in tariff policies and ongoing investigations into unfair trade practices, especially targeting Asian countries with industrial
