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Brazil draws up plans to retaliate against Trump’s 50% tariff threat

Brazilian president convened country’s ministers to discuss how his government should address US dutiesBrazil is drawing up plans to hit back against 50% US tariffs on the country’s exports, setting the stage for further escalation in Donald Trump’s trade war with Latin America’s largest economy.The US president vowed to impose steep duties on Brazilian goods on Wednesday, accusing the country of conducting a “witch-hunt” against its former president, Jair Bolsonaro, who is facing a trial over his attempt to overturn his 2022 election defeat. Continue reading...

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