Trump Threatens 50% Tariff On Brazil
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Stocktwits on MSNBrazil Stocks, Currency Reel As Trump Escalates Trade Pressure With Highest Tariff Yet Over Bolsonaro TrialBrazilian currency and stocks declined on Wednesday after U.S. President Donald Trump levied 50% tariffs on goods from the country, amid souring relations due to the South American country’s participation in BRICS and the trial of former president Jair Bolsonaro.
President Lula strongly opposed President Trump's tariff imposition. This was in response to Brazil's trial of Jair Bolsonaro. Lula affirmed Brazil's sovereignty and judicial independence. Trump criticized Bolsonaro's prosecution and threatened tariffs.
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