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Trump’s Brazil tariffs point more to his enduring bond with far-right Bolsonaro than economic concerns
The only economic rationale mentioned in Trump’s letter, that of a deficit that his country is said to face with Brazil, is belied by the numbers. The U.S. has sustained consistent surpluses in trade with the South American nation for close to two decades now.
President Trump vowed to impose 50% tariffs on imports from Brazil, citing a "witch hunt" of Brazil's former president.
Brazilian President Lula da Silva warns of retaliatory tariffs on the US if Trump imposes a 50% levy over Bolsonaro's trial, ...
As Brazil's Luiz Inacio Lula da Silva and Donald Trump trade blows, the person they are fighting over has sent mixed signals to investors trying to divine who will blink first.
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