U.S. President Donald Trump has announced new tariffs, up to 41%, on goods imported from various countries in an attempt to reduce the nation's trade deficits.

US President Donald Trump has imposed new tariffs on 69 countries, with India and Brazil now facing the highest rate—50 per cent. India’s additional tariff takes effect after 21 days.

Read more on the impact of Trump's tariff hike on Brazilian imports, global trade dynamics, and Brazil's strategic response ...

This is a mess, especially with Brazil, and I can’t see what Americans will get from it, beyond higher prices for coffee.