Trump Imposes 50% Tariff on Brazilian Imports Amid Bolsonaro Trial
Brazil Responds with Reciprocal Tariffs, Escalating Trade Tensions
President Donald Trump has announced a 50% tariff on all Brazilian imports, citing the ongoing trial of former Brazilian President Jair Bolsonaro as a politically motivated 'witch hunt.' The tariffs, set to take effect on August 1, represent the highest level imposed by the Trump administration in its recent wave of trade measures.
In response, Brazilian President Luiz Inácio Lula da Silva has vowed to implement reciprocal tariffs, emphasizing Brazil's judicial independence and rejecting foreign interference.
The escalating trade tensions risk igniting a broader economic conflict between the two nations.