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.
150 Articles
150 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.
As with copper, international coffee prices rose strongly today, in direct reaction to Donald Trump’s announcement to apply 50% tariffs on imports of products from Brazil. At the end of this edition, the price recorded a 2.16% jump in relation to the closing of the previous day (see chart). Donald Trump came out in defense of Jair Bolsonaro, former president of Brazil, and justified, “in part” to that, the tariffs of 50% imposed on the South Ame…
The Bolsonaro clan has long maintained close ties to the new right in the US and Donald Trump personally, which is now paying off.
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