Trump, Brazil
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Money Talks News on MSNTrade War Alert: Brazil Promises Tariff Retaliation That Could Cost American JobsPresident Trump's planned 50% tariffs on Brazilian imports starting August 1 could significantly increase your household expenses. In addition, Brazilian President Lula promises matching retaliation that may hurt American workers and businesses.
While some evidence shows tariffs are pushing up prices for consumers, the economy appears to be mostly healthy.
Brazilian President Luiz Inácio Lula da Silva has hit back at Donald Trump’s tariff threats, saying that his American counterpart was elected as the leader of the United States and “not to be the emperor of the world.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
1don 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.
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.