Brazil, Trump and tariffs
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President Trump on Wednesday announced plans to impose a 50 percent tariff on all goods from Brazil, in part due to the prosecution of former President Jair Bolsonaro over an alleged plot to remain in power after losing an election.
President Trump on Wednesday said he would be sending letters to over 150 countries as he plans a barrage of duties to take effect Aug. 1, including levies on pharmaceutical imports and semiconductors.
Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
Brazilian President Luiz Inácio Lula da Silva warned on Wednesday that his government is prepared to retaliate after President Trump announced plans to impose 50 percent tariffs on goods imported
Meanwhile, Brazil announced its own countermeasures while Mexico remains confident it will reach a deal by Aug. 1.
Trump said that he will raise taxes on many goods from Canada to 35% Here's a look at countries that have gotten tariff letters — and where things stand now.