Trump Imposes 50% Tariff on Brazil
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President Donald Trump announced a blanket 50% tariff on imports from Brazil, citing his anger over the country's treatment of its former president, Jair Bolsonaro. Trump's tariffs would be imposed using the International Emergency Economic Powers Act,
President Donald Trump has sent letters this week outlining higher tariffs countries will face if they don’t make trade deals with the U.S. by Aug. 1.
US trading partners braced for a volley of tariff hikes this week, but a deadline for their imposition came and went as President Donald Trump delayed them again until August - but unveiled new copper duties and increased levies on Canada and Brazil.
President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.