President Trump declared a 50% tariff on all Brazilian products starting August 1, diverging from his usual tariff letters focused on trade imbalances. This letter emphasized Brazilian politics, particularly regarding former President Jair Bolsonaro, whom Trump praised. He described the treatment of Bolsonaro as an "international disgrace." Earlier, Trump had announced a 10% tariff on BRICS countries, raising questions about the cumulative effect of the tariffs. Brazilian President Lula da Silva responded at a BRICS summit, affirming Brazil's sovereignty against Trump’s demands.
President Trump announced a 50% tariff on all Brazilian products entering the U.S. starting August 1, citing the need to rectify political injustices in Brazil.
In his letter to Brazil, Trump highlighted the treatment of former President Jair Bolsonaro as an "international disgrace" and expressed his respect for Bolsonaro.
Brazil recently hosted a BRICS summit, where President Lula da Silva criticized Trump's tariff threats, asserting the sovereignty of Brazil and other member nations.
The announced tariffs followed Trump's earlier declaration of an additional 10% tariff on members of the BRICS alliance, including Brazil.
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