Reported 2 days ago
Donald Trump has issued a new threat of a 50% tariff on Brazil, calling their current political situation an 'international disgrace,' amidst a broader series of trade letters totaling 22. The letters also propose varying tariff rates for several other countries, including a notable 20% on the Philippines. Trump's focus on Brazil is significant due to his previous support for former president Jair Bolsonaro, currently facing legal challenges. However, the actual implementation of these tariffs remains uncertain as negotiations continue with multiple countries.
Source: YAHOO