Trump, Brazil and tariffs
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Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.
President Trump on Wednesday announced plans to impose a 50 percent tariff on all goods from Brazil, in part due to the prosecution of former President Jair Bolsonaro over an alleged plot to
In our news wrap Wednesday, President Trump announced 50 percent tariffs on Brazil for what he called a "witch hunt" against former President Bolsonaro, former President Biden's White House doctor refused to answer questions from Republican lawmakers and Europe's top human rights court found that Russia committed widespread violations of international law in Ukraine dating back more than a decade.
Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week.