Reported 2 days ago
Brazil faces a significant challenge as 35.9% of its exports to the U.S. are expected to incur a steep 50% tariff under a new executive order by President Trump, with key goods like coffee and beef affected. Vice President Geraldo Alckmin emphasizes the need to reverse these tariffs, noting that American consumers will ultimately bear the costs. Brazil's government plans to support affected sectors and is preparing to challenge the tariffs through formal channels.
Source: YAHOO