Trump announces 50% tariff on Brazil, citing a ‘witch-hunt’ against Bolsonaro

Latest threats heighten fears that the president’s erratic trade strategy risks exacerbating inflation across the USUS politics live – latest updatesDonald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the “witch-hunt” trial against its former president, Jair Bolsonaro.Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – for stiff US tariffs on foreign exports starting on 1 August. Continue reading...

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