Trump targets Brazil with a 50% tariff
Digest more
Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
In a significant escalation of trade tensions, US President Donald Trump has threatened Brazil with 50% tariffs on their imports to the United States. The tariff threat seems like a regular part of Donald Trump’s playbook,
U.S. stock index futures dipped Sunday night as fears of a deepening global trade war resurfaced. President Donald Trump announced sweeping 30% tariffs on imports from Mexico and the European Union, expanding
2d
Cryptopolitan on MSNTrump open to Lula talks as Brazil shrugs off tariff impactIn a letter to Lula earlier in the week, Trump linked the proposed tariffs to Bolsonaro’s ongoing prosecution, leaving little room for Brazil to maneuver. Lula, speaking to TV Globo, condemned Trump’s rationale as “extremely outrageous,” stating that Bolsonaro “didn’t just try to stage a coup—he tried to prepare my death.”
Brazil’s oil exports to the US face potential disruption from threatened tariffs, prompting the country and its state-controlled oil company Petrobras to explore new markets and strategies.
Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."
The levy is the highest announced so far in Trump’s letters to world leaders this week, and comes after he wrote a lengthy message supporting the former Brazilian leader.
The U.S. has announced a 50% tariff on Brazilian imports, escalating trade tensions after a conflict between President Trump and Brazilian counterpart Lula. This decision is linked to Brazil's treatment of former President Bolsonaro and could impact U.
Brazil's stock market was dragged lower by its financial sector on Thursday while the real currency rebounded, a day after U.S. President Donald Trump's shock move to slap 50% tariffs on imports from Latin America's largest economy,
Brazil faces persistent inflation and rising market volatility amid U.S. tariff threats, posing serious risks to economic stability.