Trump threatens Brazil with 50% tariff despite trade surplus
CBS News · Recent
CBS News
Recent
President Trump is threatening Brazil with a 50% tariff despite its trade surplus with the U.S. Daniel Tannebaum, a senior fellow at the Atlantic Council, joins CBS News with more.
BreakdownGenerated by LeadStory AI
- President Trump threatens Brazil with a 50% tariff, citing Bolsonaro's prosecution.
- Trump's letter calls the trial a 'witch hunt' and urges it to end immediately. 10s
- Brazil maintains a trade surplus with the US, making the tariff threat economically unusual. 34s
- A 50% tariff on copper is also announced, potentially raising consumer prices. 1m 30s
- Experts suggest the tariff policy may be reversed if significant economic impacts are realized. 2m 12s
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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.