Tariffs, Trump: "There's much more to come." Brazil appeals to the WTO.

Meanwhile, the US president announces 100% tariffs on chips and semiconductors. Anger at India over its purchase of Russian oil: additional duties of 25%.

"There are still eight hours left until the tariff agreements come into force: we'll see much more, you'll see secondary sanctions," US President Donald Trump said at a press conference at the White House, when asked about the 50% tariffs imposed on India.

Meanwhile, the tycoon announced his intention to apply 100% tariffs on chips and semiconductors produced abroad. The occasion was a press conference with the CEO of the tech giant, Tim Cook, in which it was announced that Apple will invest $100 billion in the United States in what is "the largest investment Apple has ever made in America and in the world." "Companies like Apple are coming home," Trump added. "A year ago we were a dead country, now we are the 'hottest' country in the world" from an economic point of view. The president

Tariffs on India

Trump signed an executive order imposing an additional 25% tariff on India in response to its continued purchases of Russian oil . "The actions and policies of the Government of the Russian Federation continue to pose an enormous and extraordinary threat to the national security and foreign policy of the United States," the order reads. "I believe it is necessary and appropriate to impose an additional ad valorem duty on imports of products from India, which directly or indirectly imports oil from the Russian Federation."

"It is highly inappropriate that the United States chooses to impose additional tariffs on India for actions that several other countries are also taking in their national interest," India's foreign ministry said in a statement. It condemned the duties as "unfair, unjustified, and unreasonable," adding: "Our imports are market-driven and are made with the overall objective of ensuring the energy security of India's 1.4 billion people."

Brazil appeals to the WTO against Trump's tariffs

Meanwhile, Brazil has filed a complaint with the World Trade Organization (WTO) to contest the punitive tariffs imposed by the US administration, two Brazilian government sources told AFP.

This is the first action taken by the government of President Luiz Inácio Lula da Silva since 50% tariffs went into effect today on many Brazilian products exported to the United States.

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