Trump's 50% Brazil Tariff Stretches Emergency Powers Already Facing Court Challenge
BRAZIL, JUL 9 – President Trump issued 21 tariff letters this week, threatening up to 50% tariffs on Brazilian goods starting August 1 to address trade deficits and encourage US manufacturing.
- On Wednesday, Trump sent 21 tariff letters warning of up to 30% for seven countries and 50% on Brazilian products starting August 1.
- Trump cited concerns over trade deficits and policies harming US exports, framing them as a national security threat, prompting the tariff threats to multiple countries.
- U.S. data shows imports from the seven nations are under 1% of total, with Brazilian beef facing a 76.4% duty due to existing quotas, per analyst Brett Stuart.
- Trump's tariff threats face diplomatic pushback, with Australia’s treasurer calling the move 'very concerning' and some countries viewing the letters as nonbinding.
- Under the IEEPA framework, judges ruled Trump’s tariff authority exceeds his legal powers, and the appeals court has paused previous decisions in the ongoing lawsuit.
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Regarding the tariff negotiations between the United States and various countries, U.S. President Trump publicly released a letter to eight countries on July 9 regarding tariff rates. Among them, Brazilian goods exported to the United States will be subject to a 50% tariff.
·Tokyo, Japan
Read Full ArticleAmong companies with a higher risk of losses by the 50% alliquota for Brazilian imports are Embraer and WEG
·Brazil
Read Full ArticleCoverage Details
Total News Sources23
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
Factuality
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