Trump, Brazil and Bolsonaro
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President Donald Trump threatened to impose a 50 percent tariff on Brazilian products if the country doesn’t meet a series of political demands, including dropping the charges against his ally Jair Bolsonaro.
President Trump will wield 50% copper tariffs on August 1 as he promises more to come with countries such as Brazil in the crosshairs. Delta’s good news, Nvidia scores the first $4 trillion market cap milestone,
Talks with the European Union are of particular interest, as the bloc trades even more with the U.S. than China.
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Agence France-Presse on MSNBrazil, Trump up the ante in row over Bolsonaro coup trialBrazil said Wednesday it had summoned the US charge d'affaires in a diplomatic row following President Donald Trump's criticism of the coup trial of his right-wing ally, ex-leader Jair Bolsonaro.The foreign ministry in Brasilia told AFP that envoy Gabriel Escobar will be called to explain an embassy statement describing Bolsonaro as a victim of "political persecution" -- echoing Trump's claims of a "witch hunt" against the 70-year-old Brazilian firebrand.
Donald Trump threatened to impose a 50% tariff on Brazil over its domestic political affairs, the most extreme case yet of the US president weaponizing trade policy to make unrelated demands.