Trump, Brazil and Tariff
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2hon MSN
Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.
Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
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Inquirer Business on MSNBrazil vows retaliatory tariffs against United StatesBrazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States. That is, if President Donald Trump follows through on a
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
President Donald Trump on Wednesday informed seven more nations about new tariffs, singling out Brazil with a 50% duty because of what he called the "disgrace" of how former President Jair Bolsonaro has been treated.