BofA says these countries could benefit from Trump’s new global tariffs in World Economy News 26/02/2026 Brazil, Canada and Mexico are expect to emerge as relative beneficiaries of new U.S. tariffs put in place following a crucial Supreme Court decision, according to analysts at BofA Securities. U.S. President Donald Trump’s latest global trade tariffs went into effect at a 10% level at midnight on Tuesday after the top U.S. court struck down his so-called “reciprocal” levies last week. The 10% level was communicated through the U.S. Customs and Border Protection’s messaging service, and is lower than the 15% tariff touted by Trump after the decision, which found that Trump’s use of emergency economic powers to impose sweeping surcharges on countries around the world was unlawful. However, the White House is working on a delivering a formal order raising the rate to 15%, Bloomberg News has reported. Crucially, these new tariffs, which Trump is issuing under Section 122 of the 1974 Trade Act, will only be in effect for the next 150 days. Congress will then need to decide on the fate of the tariffs at the end of this period. Given the often murky outlook for Trump’s trade agenda, uncertainty has surrounded the path ahead for specific deals his administration agreed to with a variety of trading partners. Trump, confronted with some countries reportedly beginning to reassess whether these accords are still standing in the wake of the Supreme Court ruling, warned them in a social media post not to “play games.” In a note, the BofA analysts including Carlos Capistran and Pedro Diaz estimated that, should Trump eventually lift his global duties to 15%, Brazil in particular stands to see a sharp fall in the U.S. tariffs it faces. Prior to the Supreme Court ruling, the country faced a 40% rate. They added that Canada and Mexico may also benefit, as goods compliant with the U.S.-Mexico-Canada trade agreement are exempt, lowering their effective tariffs to 2% and 4%, respectively. “Other beneficiaries include Venezuela […], El Salvador, Guatemala, and Ecuador, whose recent bilateral deals shield large portions of their exports,” the analysts said. However, Colombia, Panama and Peru — all previously under a 10% reciprocal tariff — would be among the unfavored if Trump’s raises the Section 122 tariff to 15%, they flagged. Source: Investing.com 2026-02-26 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share