Reported 1 day ago
Donald Trump has threatened Brazil with a 50% tariff due to its political treatment of former President Jair Bolsonaro, marking a significant use of trade policy for unrelated political demands. Brazilian President Lula da Silva responded firmly, asserting Brazil's sovereignty and warning of retaliation under their economic laws. Analysts indicate that this unprecedented move could shake confidence among US trading partners regarding future trade agreements and illustrate Trump's willingness to impose tariffs for various reasons.
Source: YAHOO