Donald Trump announced a 50% tariff on products from Brazil, claiming it is linked to the trial against former president Jair Bolsonaro. He criticized the trial as a 'witch hunt' and indicated that tariffs on Brazil would be separate from other sector tariffs he imposed on seven countries. While Trump showed support for Bolsonaro, Brazil's president challenged Trump's claims, reinforcing Brazil's sovereignty and independence in judicial processes. Following the announcement, Brazil's real fell over 2% against the dollar due to the tariff implications.
Donald Trump announced a 50% tariff on Brazilian imports, linking it to the trial of former president Jair Bolsonaro, whom he supports and calls a friend.
President Biden's administration instituted tariffs on other countries, while Trump criticized the Brazilian judicial system and rejected Lula's response to his demands.
Brazilian President Luiz Inacio Lula da Silva refuted Trump's claims about Bolsonaro, emphasizing Brazil's sovereignty and independence from external influence in its legal matters.
The Brazilian currency fell over 2% against the dollar following Trump's tariff announcement, indicating immediate economic implications from the proposed policy.
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