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This is the world in Brief from The Economist.

Our top stories.

Donald Trump announced a 25% tariff on all imported cars.

American stocks slid in anticipation of the announcement.

The SMP 500 fell by more than 1% and the NASDAQ fell by around 2%.

Mr. Trump said the levies will come into effect with several other tariffs on April 2nd,

which he described as Liberation Day.

Brazil's Supreme Court ruled that Jaya Bolsonaro, the country's former president, will stand trial

for leading an alleged coup plot after losing an election in 2022 to Louise Inacio Lula de Silva.

The court also decided that seven other allies of the hard-right

populist should also be tried for similar crimes. If convicted, Mr. Bolsonaro could face decades in prison.

He denies any wrongdoing. Delivering her spring statement before Parliament, Rachel Reeves, Britain's

Chancellor, said that cuts to welfare benefits would save £3.4 billion or $4.4 billion,

and that planning reform would improve economic growth. Ms. Reeves also confirmed an additional £2.2 billion for defence

spending over the next year. Meanwhile, the Office for Budget Responsibility, Britain's fiscal

watchdog, cut its growth forecast for 2025 from 2% to 1%. South Korea released a report acknowledging it committed serious violations

administering its massive foreign adoption program.

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