Brazil Vows Retaliatory Tariffs Against US
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The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.
President Luiz Inacio Lula da Silva said Brazil can survive without trade with the US and will look to other partners to replace it, a sharp response to Donald Trump after the American leader threatened 50% tariffs on the South American nation.
Explore our tariff tracker to see the latest rates for Brazil and seven other nations impacted by Trump's new trade policies.
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
President Donald Trump’s unexpected move to threaten a 50% tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.
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