World Business Report Can countries defy Trump's new tariffs?
5 snips
Aug 7, 2025 As new US tariffs create ripples in global trade, India, Brazil, and Canada seek ways to cope without a deal. Discover Brazil's innovative strategies supporting small farmers and the complex responses from Switzerland and Canada. Meanwhile, a Swedish steel plant is pioneering greener production methods, aiming for a fossil-free future. On the tech front, the latest AI app, GPT-5, is examined for its advancements and impact on user experience, showcasing the intersection of sustainability and technology.
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India and Brazil Resist US Tariffs
- India and Brazil resist US tariffs by defending multilateralism and prioritizing support for their effective businesses.
- Leaders Modi and Lula vow collaboration and negotiation to mitigate tariff impacts.
Tariffs Devastate Indian Textile Exporters
- Vishwanshu Agarwal, an Indian textile exporter, reports severe job losses and trade decline due to 50% US tariffs.
- Buyers delay orders amid confusion, signaling significant business disruption.
Swiss Economy Faces Manageable Tariffs
- Swiss exports to the US face tariffs impacting about 0.1% of Swiss GDP but mostly pharmaceuticals remain exempt.
- Switzerland's moderate dependence on US trade creates incentives to negotiate while controlling cross-border shipments bureaucracy.