Latin America’s biggest economy can weather the shock of a high tariff rate. But American coffee lovers and Brazilian ranchers are likely to feel the pain.
President Trump’s attacks on the group of emerging economies, which includes Brazil, Russia and China, have put one member — India — in an uncomfortable spot.
With President Trump preparing to revive tariffs this week, some of the world’s biggest exporters are planning a future less dependent on trade with the United States.
The alliance of emerging economies hopes to offer a counterweight to the United States and other Western powers. But military strikes on Iran are testing its unity.