Trump, Brazil
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US tariff negotiations have heated, as the August 1 deadline looms, with countries scrambling to avoid steep new duties. Deals with the EU, Japan and others have been struck, but talks with South Korea,
A US trade probe suddenly ordered by President Donald Trump on Brazil sent shockwaves through President Luiz Inacio da Silva’s government, according to a senior Brazilian diplomat who described it as an unwarranted threat that has helped to plunge relations to their lowest point in over a century.
The twice-postponed deadline for levies to take effect is now Aug 1. Read more at straitstimes.com. Read more at straitstimes.com.
Brazilian President Luiz Inácio Lula da Silva has hit back at Donald Trump’s tariff threats, saying that his American counterpart was elected as the leader of the United States and “not to be the emperor of the world.
The US Chamber of Commerce and the American Chamber of Commerce for Brazil have issued a joint statement calling on US President Donald Trump to suspend the 50% tariff imposed on Brazilian products.
US President Donald Trump has linked the issue to Brazil's prosecution of its former president Jair Bolsonaro. Read more at straitstimes.com. Read more at straitstimes.com.
Some of Brazil’s pig iron producers are looking at halting operations as tariff tensions shrink demand from customers in the US, the top buyers of cargoes from the South American nation.
U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil's "unfair" trading practices, a week after President Donald Trump threatened a 50% tariff on imports from Latin America's largest economy.