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 Trump’s moves have shaken the global trade order established in the 1940s. President Trump’s threat for a 50% tariff on Brazilian imports expanded his use of punitive duties over matters that have nothing to do with trade, breaking with more than a half-century of global economic precedent.
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.
1don MSN
Plus, Sen. Josh Hawley voted in favor of Donald Trump's megabill but now says his goal is to make sure a provision involving Medicaid doesn't go into effect.
The U.S. will impose 50% tariffs on global copper imports from the start of next month, President Trump said Wednesday evening. He wrote on Truth Social the levies would be effective on Aug. 1, the day he has scheduled his so-called reciprocal tariffs to go into effect.