• Trump v Lula: what to know about the tariffs spat between the US and Brazil

    Brazilian president threatened a 50% tariff on US goods in retaliation for Trump’s levy on the Latin American countryIn a move seen by many – including Brazil’s president – as an attack on the country’s sovereignty, the US president, Donald Trump, announced on Wednesday that he intends to impose an additional 50% tariff on Latin America’s largest country from 1 August.Not only was this the highest rate among this week’s announcements – and aimed at
  • Lula threatens 50% tariff on US goods in retaliation for Trump levy on Brazil

    Brazilian president says ‘if he charges us 50%, we’ll charge him 50%’ after Trump cited trial of Bolsonaro to justify tariffTrump v Lula: what to know about tariffs spat between US and BrazilBrazil threatened to hit back against Donald Trump’s plan to introduce 50% tariffs on its exports with its own 50% tariff on US goods, setting the stage for a precipitous trade war.“If he charges us 50%, we’ll charge him 50%,” Luiz Inácio Lula da Silva, the Br
  • Trump announces 50% tariff on Brazil, citing a ‘witch-hunt’ against Bolsonaro

    Latest threats heighten fears that the president’s erratic trade strategy risks exacerbating inflation across the USDonald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the “witch-hunt” trial against its former president, Jair Bolsonaro.Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries – the Philippines, Brunei, Moldov

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