Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva
www.cnbc.com
President Donald Trump said the United States will impose a 50% tariff on imports from Brazil.

President Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports, partly in retaliation for the ongoing prosecution of the country’s former president, Jair Bolsonaro.

Trump said the new tariff — a massive jump from the 10% rate the U.S. imposed on Brazil in early April — was also spurred by the “very unfair trade relationship” with the country, calling it “far from Reciprocal.”

The U.S. is also launching an investigation into potential unfair trade practices by Brazil, Trump said in a letter to Brazil’s current president, Luiz Inacio Lula da Silva.

The probe is based on “Brazil’s continued attacks on the Digital Trade activities of American Companies,” Trump wrote in the letter, which he shared publicly in a Truth Social post.

  • rainpizza@lemmygrad.mlOP
    0·
    1 month ago

    According to SputnikGlobe, there are some organizations rallying against Trump’s 50% tariffs ->

    Translation:

    Hundreds of people demonstrate in Sao Paulo against the threat of 50% tariffs by US President Donald Trump.

    The protest, called by the Central Única dos Trabalhadores (CUT) and Frentes Populares, also demanded the imposition of taxes on the South American country’s super-rich.

    Do you have any information on this? Is this widespread or is just un Sao Paulo?

    • burlemarx@lemmygrad.ml
      1·
      1 month ago

      This is just in São Paulo for the moment. I think the main purpose of the act wasn’t even the Trump’s tariffs, but they are simply using the momentum right now.