Brazil, Donald Trump
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2hon MSN
The Trump administration launched a trade investigation against Brazil on Tuesday, just one week after blasting Brasília for its treatment of ally former President Jair Bolsonaro. The trade investigation ostensibly regards unfair trade practices.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
6don MSN
One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.
46mon MSN
Tensions escalate between the US and Brazil as Donald Trump launched a Section 301 trade investigation into Brazil’s alleged unfair practices, just days after announcing a massive 50% tariff on Brazilian goods.
SAO PAULO (Reuters) -Approval for Brazilian President Luiz Inacio Lula da Silva's government rose for the first time this year, a new poll showed on Wednesday, after his U.S. counterpart Donald Trump announced a 50% tariff on imports from Brazil starting in August.
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The prices of coffee and orange juice could be impacted if no trade agreement is reached by the deadline. Tariffs could also contribute to higher beef prices.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Trump cast his announcement as a pressure tactic to help Bolsonaro, who is on trial for allegedly plotting a coup to overturn his loss in the 2022 presidential election.