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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