Brazil, Trump and Lula
Digest more
President Donald Trump has threatened 10% tariffs on BRICS members—Brazil, Russia, India, China, and South Africa—for attempting to challenge the dollar's dominance. The BRICS nations criticized the unilateral tariff as inconsistent with WTO rules.
9h
CT Insider on MSNTrump’s Brazil coffee tariff has CT businesses worried about higher prices for U.S. consumersCoffee provides those that drink it with a surge of caffeine to get them started each day, but if President Donald Trump makes good on his threat to impose a 50% tariff on Brazilian imports, getting a jolt of java will likely cost a lot more.
While some evidence shows tariffs are pushing up prices for consumers, the economy appears to be mostly healthy.
Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties, ordering the former president to wear an electronic ankle tag, barring him from speaking to foreign officials or approaching embassies and prohibiting him from using social media.
1d
Money Talks News on MSNTrade War Alert: Brazil Promises Tariff Retaliation That Could Cost American JobsPresident Trump's planned 50% tariffs on Brazilian imports starting August 1 could significantly increase your household expenses. In addition, Brazilian President Lula promises matching retaliation that may hurt American workers and businesses.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Brazilian President Luiz Inácio Lula da Silva has hit back at Donald Trump’s tariff threats, saying that his American counterpart was elected as the leader of the United States and “not to be the emperor of the world.
Brazil’s Supreme Court ordered Jair Bolsonaro, the former president, to stay home most hours, defying President Trump’s demands that charges against him be dropped.