LIVE: Trump's Tariffs Kick In; Brazil's Lula Plans Joint Response With PM Modi | Firstpost America

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President Donald Trump’s new round of tariffs, ranging from 10-50%, has officially come into effect. The executive order targets 67 countries, with exemptions and varying rates for others. India, Brazil, Canada, and Switzerland are among those most impacted. China faces the possibility of additional tariffs due to its continued Russian oil purchases. Smartphones remain exempt, while a separate 100% tariff on chips and semiconductors was also announced. Leaders from India, Brazil, and Canada have issued strong responses. Despite the developments, global markets remained stable. Watch to know more about this.

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