President Trump said Wednesday he would impose a 50% tariff on goods from Brazil next month, citing the criminal prosecution of former Brazilian President Jair Bolsonaro, which Mr. Trump called an "international disgrace."
BreakdownGenerated by LeadStory AI
- President Trump announced a 50% tariff on Brazilian goods, citing Bolsonaro's prosecution. 2s
- The tariff is unusually justified by political, not trade, reasons. 15s
- Key U.S. imports from Brazil include coffee, machinery, plastics, and rubber. 1m 4s
- Brazil has indicated it may retaliate with tariffs on U.S. goods. 1m 41s
- Federal Reserve officials are divided on how tariffs may affect the U.S. economy. 2m 37s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.