US Edition
Trump announces 50% tariff on Brazil in retaliation for Bolsonaro trial, trade deficit
UNITED STATES, JUL 10 – Trump cites Brazil's treatment of Bolsonaro and trade disputes to impose a 50% tariff, the highest among new levies affecting key Brazilian exports like coffee and soybeans.
- Trump announced a 50 percent tariff on Brazilian imports starting August 1, citing Brazil's treatment of Bolsonaro as the reason for this action.
- Bolsonaro is on trial for allegedly plotting to cling to power after losing to Lula in the 2022 elections.
- Lula responded to Trump’s actions by stating that 'no one is above the law.'
- The tariff will affect the entire US juice industry, which has relied on Brazil as its main supplier for decades.
162 Articles
162 Articles
50% Brazil tariffs are an ‘erratic and chaotic’ approach: CNBC Senior Analyst
President Trump is threatening Brazil with a 50% tariff, citing a "witch hunt" against the country's ex-President Jair Bolsonaro. NBC News Business and Data Correspondent Brian Cheung reports more. CNBC Senior Analyst and Commentator Ron Insana joins Chris Jansing to break down the economic impact on Americans.
It's well known that Donald Trump doesn't shy away from using tariffs to influence the political decisions of other countries. He's not always solely concerned with the trade balance. With the tariffs against Brazil, however, the US president is taking things a step further: lending a helping hand to a politically minded person abroad.
Stocks edge higher, Brazilian real bounces as investors digest Trump's latest tariff moves
NEW YORK :Stock indexes edged higher on Thursday, with investors weighing the latest trade announcements from U.S. President Donald Trump, while the Brazilian real recovered some losses following Trump's announcement of a 50 per cent tariff on goods from Brazil.Trump also late Wednesday confirmed a 50 per cen
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