Trump, Brazil and tariff
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Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
1hon MSN
The Trump administration launched a trade investigation against Brazil on Tuesday, just one week after blasting Brasília for its treatment of ally former President Jair Bolsonaro. The trade investigation ostensibly regards unfair trade practices.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Commodities traders are racing against time to unload as much Brazilian coffee as possible in the United States before Trump's new 50% tariff on Brazilian products is implemented on August 1, they said on Tuesday.
A prosecutor has asked Brazil's Supreme Court to find ex-president Jair Bolsonaro guilty of plotting a violent coup after a trial that saw President Trump try to intervene.
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Trump’s move is linked to Brazil’s attempts to hold US social media companies responsible for ‘illegal content’