Trump announces higher tariff rates for more countries
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Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's ongoing assault on international trade.
President Donald Trump's administration says higher rates will go into effect Aug. 1. Here's where trade negotiations stand.
The new tariffs [threatened in letters](
South Korea's central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.
Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.
In a letter to Brazilian President Lula da Silva, Trump declared a 50% tariff on all imports from Brazil, warning that any retaliatory tariff increases would be added to the initial 50%.