President Trump says imports from Brazil will face a 50% tariff from next week. But why did key Brazilian exports get a pass?Also, dissent at America’s central bank, but the Federal Reserve has kept interest rates unchanged. And what does Europe’s pharmaceutical industry think of the EU-US trade deal? Ed Butler hears from the head of Germany’s leading pharma association.
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India reacts as Trump imposes 25% tariffs
President Trump has announced that all Indian goods sold in the United States will face a tariff of at least 25% beginning 1st August. In a post on Truth Social, he accused India of imposing unfair tariffs and trade barriers that make it too difficult for US businesses to operate.
Also, the U.S. economy grew in the second quarter, driven by increased consumer spending and a sharp decline in imports. Rahul Tandon examines the overall state of the world’s largest economy.
And we hear from World Bank President Ajay Banga on the outlook for the global economy during a time of uncertainty.
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Will Trump agree to China's tariff truce?
The U.S. and China move to extend their tariff truce, but it all hinges on President Trump's approval. We’ll hear from voices inside the negotiations.In Syria, growing numbers of refugees in Turkey are heading back, despite the risks. We find out what’s driving their return.Plus, Sam Fenwick finds out how natural disasters have cost the world $131 billion so far this year.
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Can the US and China find common ground?
As trade talks continue between the world’s two largest economies in Stockholm, Rahul Tandon hears from Xiaofei Xu of the South China Morning Post on what’s at stake in the US–China negotiations. Plus, the IMF has raised its global growth forecasts for this year and next. And, the BBC’s Shingai Nyoka travels to Lesotho, the tiny African kingdom unexpectedly caught in the crossfire of the US tariff war, now facing a potential 50% duty on its exports to America.
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Withdrawing EU tariff retaliation plan ‘a mistake': former EU Trade Commissioner
European exports to the U.S. are about to face a steep 15% tariff—while American goods heading to Europe will face a zero tariff rate. Is this a one-sided deal? We speak to former EU Trade Commissioner, Cecilia Malmstrom. We also get perspectives from both sides of the Atlantic: an Irish pub landlord in Chicago who imports alcohol, and the CEO of the Distilled Spirits Council of the United States, who’s focused on exports.Plus, Sam Fenwick explores the global surge in popularity for women’s football and what it means for the future of the sport.
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