Trump, Brazil and Tariff
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Inquirer Business on MSNBrazil vows retaliatory tariffs against United StatesBrazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States. That is, if President Donald Trump follows through on a
President Trump on Wednesday said he would be sending letters to over 150 countries as he plans a barrage of duties to take effect Aug. 1, including levies on pharmaceutical imports and semiconductors.
President Trump on Wednesday announced plans to impose a 50 percent tariff on all goods from Brazil, in part due to the prosecution of former President Jair Bolsonaro over an alleged plot to remain in power after losing an election.
The EU's retaliatory tariffs on US exports have been delayed again, European Commission President Ursula von der Leyen has announced. The countermeasures, which were due to start on Tuesday, came in response to US President Donald Trump's initial import taxes on steel and aluminium.