Brazil, Donald Trump and Tariff
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Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week.
President Donald Trump on Wednesday levied a 50% tariff against Brazil, which produces more than a third of the world's coffee, citing, in part, the country's treatment of former President Jair Bolsonaro,
The 50% tariff that the Trump administration has slapped on Brazilian imports has rattled the global coffee market and could make the price of a cup of coffee in the U.S. jump beyond recent highs.
In an extraordinary act of imperialist intimidation, President Donald Trump announced on Wednesday the imposition of 50 percent tariffs on all products exported by Brazil to the United States.
13hon MSN
One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.
Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.
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President Trump is hosting 5 African leaders in Washington this week — a mini summit that's raising eyebrows over who was invited, what's on the table, and what it signals about U.S. rivalry with China and BRICS in Africa.
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