‘Unjustified’: EU, Brazil And Others Criticize Latest Trump Tariffs
BreakingBusiness‘Unjustified’: EU, Brazil And Others Criticize Latest Trump TariffsBySiladitya Ray,Forbes Staff. “I made the point quite categorically that the U.S. has a trade surplus against us…there really is no technical or economic basis to impose tariffs upon us,” Balakrishnan said. In a post on X, New Zealand Prime Minister Christopher Luxon said the new tariffs were “extremely disappointing” and added: “The US investigation did not provide meaningful evidence to support claims in relation to forced labor.
- ▪BreakingBusiness‘Unjustified’: EU, Brazil And Others Criticize Latest Trump TariffsBySiladitya Ray,Forbes Staff.
- ▪“I made the point quite categorically that the U.S. has a trade surplus against us…there really is no technical or economic basis to impose tariffs upon us,” Balakrishnan said.
- ▪In a post on X, New Zealand Prime Minister Christopher Luxon said the new tariffs were “extremely disappointing” and added: “The US investigation did not provide meaningful evidence to support claims in relation to forced labor.
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BreakingBusiness‘Unjustified’: EU, Brazil And Others Criticize Latest Trump TariffsBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJul 24, 2026, 04:36am EDTJul 24, 2026, 04:52am EDTToplinePresident Donald Trump’s new “forced-labor” related tariffs prompted pushback from major trading partners including the European Union, Australia, Brazil and others who deemed the new levies as unjustified and said the White House has failed to clarify the reason for imposing them.Brazil's President Luiz Inacio Lula da Silva speaks during a ceremony to sign into law a bill establishing a line of credit for companies affected by new tariffs imposed by the U.S.
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