Wednesday, July 9, 2025

Trump Hikes Brazil Tariff Rate to 50%, Sending Assets Reeling

 


Donald Trump’s threat to impose 50% tariffs on Brazilian goods sent the country’s currency plunging as the US leader sharply escalated a dispute with Latin America’s largest nation and leftist leader Luiz Inacio Lula da Silva.

In a letter posted to his social media account, Trump said he was making the change “due in part to Brazil’s insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans.”

https://www.bloomberg.com/news/articles/2025-07-09/trump-hikes-brazil-tariff-to-50-after-brics-bolsonaro-flaps

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