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Brazilian President Luiz Inácio Lula da Silva said Wednesday that the 50% tariffs announced by U.S. President Donald Trump would trigger the country’s economic reciprocity law. That allows trade, investment and intellectual property agreements to be suspended for countries that harm the South American nation’s competitiveness.
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Jorge H. Martínez, owner of a small Mexican company near the U.S. border, has seen how President Donald Trump’s threats of steep tariffs have upended markets, bent geopolitics and thrown businesses into uncertainty.
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Billions of dollars of goods are imported into South Florida each year but will not face President Donald Trump's new tariffs thanks to foreign trade zones.
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On The Florida Roundup, host Tom Hudson spoke with state Rep. Tom Fabricio and call-in listeners about competing tax and budget proposals.
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President Trump paused most of his global reciprocal tariffs until July. Florida's economy is dominated by consumers — residents and tourists. The threat of tariffs comes as consumer anxiety has increased.
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City Furniture is one of the largest importers using PortMiami, bringing in patio chairs, rugs and tables from Asia. It hopes to ‘spread out’ its higher costs to shoppers, but its CEO doesn’t expect President Trump’s tariffs to ignite a renaissance of furniture manufacturing in the U.S.
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Except for Guyana — which got hit with a 38% duty — Latin America and the Caribbean were relatively unscathed by President Trump's global tariff hikes. Still, experts see significant effects there and here, especially in South Florida tourism.
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President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela. He says he'll also place new tariffs on Venezuela itself.
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Trump’s campaign promises included adding a 10% to 20% tariff on all nondomestic goods sold in America, a 60% tariff on goods from China and reciprocal tariffs on nations that impose tariffs on the U.S. Then, on Nov. 25, Trump promised new 25% tariffs on goods from Mexico and Canada.
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The House of Representatives overwhelmingly passed a bill suspending normal trade relations with the countries, another move to squeeze them economically in retaliation for the invasion of Ukraine.
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A yellow line on the floor in one of Andres Ochoa's warehouses is the difference between struggling with higher costs and competing for new customers.The…
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Some worry a trade war is hurting the global economy. The yield on the benchmark 10-year Treasury note fell below that for two-year Treasurys — a phenomenon that strongly predicts a recession.