Trump slaps 50 percent tariff on Brazil, citing Bolsonaro prosecution
Tariffs target Brazilian goods over human rights concerns linked to Bolsonaro's prosecution, affecting nearly one-third of coffee imports to the US, as part of a broader global trade strategy.
- Trump announced a 50 percent tariff on Brazilian imports starting August 1, stating it was due to 'Brazil's insidious attacks on Free Elections.'
- Brazil's President Luiz Inácio Lula da Silva vowed retaliation, stating that Brazil is a 'sovereign nation' with independent institutions and will not accept any form of tutelage.
- Lula warned that if Trump charges Brazil a 50 percent tariff, 'we're going to charge him 50.'
- Lula called a meeting with ministers to discuss the tariff situation after Trump's announcement.
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Brazil and Trump Face Off Over Bolsonaro
Latin America Brazil and Trump Face Off Over Bolsonaro Trump has hit the South American country with tariffs over the treatment of its ex-president. Brazilian President Jair Bolsonaro listens to U.S. President Donald Trump at a joint news conference in the Rose Garden at the White House March 19, 2019. (Jim Lo Scalzo-Pool/Getty Images) President Donald Trump is not happy with Brazil. Trump signed an executive order last week that places a total…
US Dominance Amid Global Trade Conflict: Triumph or Trouble? - Real News Now
Evidence from around the globe suggests that the United States holds the upper hand in the ongoing trade conflict. The White House exudes victorious energy, highlighting supposed positive outcomes of its trade strategy every passing day. These victories include compelling negotiations from trade allies, attracting trillions in investments from overseas, safeguarding critical American industries, and producing billions in taxpayer dollars. Howeve…
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