Trump, Brazil and 50 tariff
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24mon MSN
President Donald Trump’s threat to boost import taxes by 50% over Brazilian goods could drive up the cost of breakfast in the United States.
Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week.
President Donald Trump announced a blanket 50% tariff on imports from Brazil, citing his anger over the country's treatment of its former president, Jair Bolsonaro. Trump's tariffs would be imposed using the International Emergency Economic Powers Act,
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
Experts and industry insiders are preparing for the possibility of pricier coffee in the coming months, a possible consequence of President Donald Trump threatening to impose a 50% tariff on imports from Brazil. Brazil is currently the top supplier of ...
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Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.