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  • 4 months ago
Trump’s sweeping tariffs are driving exporters in Brazil and India toward China, while U.S. manufacturers and consumers brace for higher costs, according to Benzinga. Brazil, hit with a 50% U.S. import tax, is redirecting coffee exports to China’s booming cafe market, with more than 180 firms registering for shipments. Indian tea and seafood exporters are shifting strategies after the U.S. imposed 50% tariffs and extra levies over New Delhi’s oil trade with Moscow. China and Europe are emerging as alternative markets, though exporters warn of competition from African suppliers. Trump dismissed tensions with India, saying ties remain strong despite criticizing Prime Minister Narendra Modi’s engagement with Russia and China. U.S. manufacturing shrank for the sixth straight month in August, with the ISM PMI at 48.7%. Executives across food, electronics, and machinery industries blamed tariffs for rising costs, layoffs, and stalled reshoring, with some warning conditions rival the 2008–09 recession.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump's sweeping tariffs are driving exporters of Brazil and India toward China,
00:06while U.S. manufacturers and consumers brace for higher costs, according to Benzinga.
00:10Brazil hit with a 50% U.S. import tax as re-directing coffee exports to China's
00:14booming cafe market, with more than 180 firms registering for shipments.
00:19Indian tea and seafood exporters are shifting strategies after the U.S. imposed 50% tariffs
00:23and extra levies over New Delhi's oil trade with Moscow.
00:26China and Europe are emerging as alternative markets, though exporters warn of competition
00:31from African suppliers.
00:32Trump has missed tensions with India, saying ties remain strong despite criticizing Prime
00:36Minister Narendra Modi's engagement with Russia and China.
00:40U.S. manufacturing shrank for the sixth straight month in August, with the ISM PMI at 48.7%.
00:46Detectives across food, electronics, and machinery industries blame tariffs for rising costs,
00:52layoffs, and stalled reshoring.
00:54Some warning conditions rival the 2008-2009 recession.
00:58For all things money, visit Benzinga.com.
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