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Trump Hikes Brazil Tariff Rate to 50%, Sending Assets Reeling

BRAZIL, JUL 9 – The new tariff rate for Brazil is part of a gradual rollout responding to trade issues and past combative tariff behavior, according to Trump.

  • President Donald Trump announced on July 9 a 50% tariff on all Brazilian imports, effective August 1 unless production moves to the U.S.
  • The tariff escalation follows a dispute between Trump and Brazil's President Lula over Brazil's treatment of ex-President Bolsonaro and alleged attacks on free elections.
  • Brazilian Vice President Geraldo Alckmin criticized the tariff as unfair and harmful to the U.S. economy, noting the U.S. runs a $7.4 billion trade surplus with Brazil.
  • After the announcement, the Brazilian real declined by 2.9% against the U.S. dollar, and the largest U.S.-listed ETF focused on Brazilian stocks, valued at $5.35 billion, fell 1.8% during after-hours trading.
  • This tariff move intensifies U.S.-Brazil trade tensions and may disrupt key sectors like coffee and orange juice, signaling possible wider economic impacts.
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NBC LA broke the news in Los Angeles, United States on Wednesday, July 9, 2025.
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