Trump says US will impose 50% tariffs on Brazil

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Trump says US will impose 50% tariffs on Brazil #breakingnews #donaldtrump #brazil #tariffs President Donald Trump announced on Wednesday that his administration will impose a 50% tariff on all imports from Brazil beginning August 1, citing unfair trade practices by the South American country. In a letter addressed to Brazilian President Luiz Inácio Lula da Silva, Trump defended the decision as “common sense” policy and also expressed support for former Brazilian President Jair Bolsonaro. “Brazil has been not good to us. Not good at all,” Trump said earlier in the day, referencing what he called persistent trade imbalances. The tariff, which Trump said would be applied separately from any existing sectoral tariffs, triggered an immediate market reaction. Brazil’s currency, the real, fell over 2% against the U.S. dollar following the announcement. The move adds to Trump’s recent criticism of the BRICS alliance, of which Brazil is a founding member. Brazil’s government said it would meet to determine its response. Connect With news.com.au Online ► [] ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Follow Us: Facebook ► [ Instagram ► [ TikTok ► [@news.com.au] X ► [ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe To Our YouTube Channel For The Very Latest News From Australia And Around The World: ► [ ► [ ► [ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬