Reported 1 day ago
President Trump's threat to impose a 50% tariff on Brazilian imports seems driven more by personal and political motives than economic rationale, as the U.S. actually has a trade surplus with Brazil. This move appears to be an attempt to support former Brazilian President Jair Bolsonaro, who is facing legal issues, rather than following Trump's typical strategy of targeting countries with trade deficits. Analysts warn that such political interference with international trade could lead to unintended consequences for Trump's approval ratings and the U.S.-Brazil relationship.
Source: YAHOO