Trump, Brazil and Tariff
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President Trump has slapped a 50% tariff on Brazilian goods, due in part to the ongoing trial of former Brazilian President Jair Bolsonaro, who is facing charges that he helped orchestrate an attempted coup of the Brazilian government.
Oil prices fell by around 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth. Brent crude futures were down $1.42, or 2.02%, at $68.
President Trump's "Liberation Day" tariffs have been pushed back to August 1, but for consumers and businesses, the push is on to avert the potential impacts on their wallets and bottom lines. Tax expert Karla Dennis is Jim's guest on "The Final 5.
Berner agrees that higher copper tariffs will bring up prices for U.S. homebuilders. This would leave them with two options: pass on the additional costs to homebuyers or build less, a move that is likely to exacerbate the country's ongoing shortage.
US stocks open little changed,, shrugging off a 50% tariff on Brazil. MP Materials soars on Dept of Defense's big stake in company for rare earths.
By Luciana Magalhaes and Ricardo Brito BRASILIA (Reuters) -When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country's former far-right leader, Washington left Latin America's largest economy with few options to deescalate but may have overestimated the country's vulnerability to the levies.
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Stocktwits on MSNConagra Stock Tumbles As Profit Forecast Comes Below Wall Street Expectations On Trump Tariff ImpactConagra Brands’ (CAG) forecast of fiscal 2026 profit came in below Wall Street expectations on Thursday, as the packaged food maker battles higher costs due to U.S. President Donald Trump’s tariffs and tepid demand for its products.