Trump, Brazil and Lula
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U.S. Launches Trade Probe Into Brazil
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Brazil is actively working to avert the implementation of 50% tariffs on its products by the United States, set to take effect on August 1 as announced by President Donald Trump. Vice President Geraldo Alckmin,
European Commission President Ursula von der Leyen has announced that Europe's retaliatory tariffs on U.S. goods has been delayed to allow more time for negotiations.
NATO Secretary General Mark Rutte cautioned that countries like Brazil, China, and India could face severe retaliatory measures if they continue trade relations with Russia. This warning follows President Trump's announcement of new weapon supplies to Ukraine and potential tariffs on Russian trade partners.
Business leaders backed the government’s negotiations and opposed retaliation as Trump’s tariffs take effect on August 1.