White House defends tariffs on Brazil
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Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
2don MSN
President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by Aug.
Trump expressed his anger in a letter to President Luiz Inacio Lula da Silva that the trial of former president Jair Bolsonaro for his role in an alleged coup to overturn his 2022 reelection loss was a “witch hunt” and should “end immediately.”
When Donald Trump threatened to impose a 50 per cent tariff on Brazilian goods last week, the reaction in Brasília was swift and vocal ( writes Bryan Harris ). This economic sanction had no financial motivation;
Brazilian assets face pressure from new US tariffs, but holding broad index trackers may reduce risk amid volatility. See why major Brazilian ETFs are a hold.
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President Donald Trump’s unexpected move to threaten a 50% tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe?
3don 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.
The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.