A new 15% global tariff by the U.S. is expected to advantage countries like China and Brazil while negatively impacting allies such as South Korea.
A recent study indicates that U.S. President Donald Trump's newly imposed 15% global tariff is likely to benefit nations that have taken a stand against him, specifically China and Brazil, while causing economic strain on U.S. allies like South Korea and the United Kingdom. This tariff, which was enacted in response to a Supreme Court ruling that annulled previous 'reciprocal' tariffs, poses a significant shift in the global trade landscape. The analysis from the trade research institute, Global Trade Alert, highlights that countries such as Brazil, China, and India will see noticeable reductions in their effective tariff rates—all due in part to their positioning against U.S. policies.
