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.
The BRICS bloc has criticized rising tariffs and attacks on Iran in its latest summit declaration. Meeting in Rio de Janeiro on Sunday, the group also condemned NATO’s increased military spending and expressed concerns about global trade disruptions caused by tariffs.