Trade War
Trump signs 10% global tariff after supreme court blocks previous measures
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US President Donald Trump signed a decree on Friday (20) imposing a 10% tariff on imports from all countries, responding to the Supreme Court's ruling that previous tariffs under the IEEPA law were illegal. The new measure takes effect on February 24 and lasts 150 days, exempting items like beef, oranges, and critical minerals. For Brazil, the global rate improves competitiveness compared to prior reciprocal tariffs of up to 50%.
China's Ministry of Commerce announced two trade barrier investigations into US practices on Friday, described as reciprocal countermeasures to Washington's two Section 301 probes against China. The probes target US measures disrupting global supply chains and green product trade, potentially breaching WTO rules and bilateral agreements. They are set to conclude within six months, with a possible three-month extension.
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China warned Mexico on March 26, 2026, of potential trade reprisals following tariffs imposed in December 2025 on over 1,400 categories of Asian goods, primarily Chinese. The move risks complicating Mexico's USMCA renewal talks with the US. Economy Secretary Marcelo Ebrard dismissed Beijing's complaints, accusing Chinese firms of state-backed dumping.