Trump hits Brazil with 50% tariff, orders unfair trade practices probe | Metals Mine

  • Trump hits Brazil with 50% tariff, orders unfair trade practices probe

    From channelnewsasia.com

    US President Donald Trump turned his trade ire against Brazil on Wednesday (Jul 9), threatening Latin America's largest economy with a punitive 50 per cent tariff on exports to the US and ordering an unfair trade practices investigation that could lead to even higher tariffs. Trump set the Aug 1 tariff rate - far higher than the 10 per cent duty imposed on Brazil on Apr 2 - in a tariff letter to Brazilian President Luiz Inacio Lula da Silva, that vented anger over what he called the "Witch Hunt" trial of Lula's right-wing predecessor, Jair Bolsonaro. Criticising what he said were Brazil's attacks on free elections ... (full story)

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Dutchy Daxy
Jul 10, 2025 5:32am — Edited
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He informed Brazil that its "reciprocal" tariff on Aug 1 would rise to 50 per cent from 10 per cent, a shockingly high level for a country with a balanced US trade relationship.

Trump's Brazil tariff order came in a letter to Brazilian President Luiz Inacio Lula da Silva that vented anger over what he called the "Witch Hunt" trial of Lula's right-wing predecessor, Jair Bolsonaro, and added to an increasingly bitter public feud with Lula.

Lula, 79, Brazil's most popular politician, is midway through his third non-consecutive term as president and considered being on the left side. In Trumps words: "A left radical Lulatic"

Does he want to punnish Brazil for taking over a lot of food export (from the US/left many US farmers with unsold harvests) to China and/or being a BRICS member??
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Vancarbon
Jul 10, 2025 4:19am
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You can only envisage a more unified and coherent approach from the BRICS after these recent events .

A trade war on all fronts , even allies .
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Polimini
Jul 10, 2025 4:13am
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Trump is the tariff Ophra... you get a tariff, you get a tariff, everyone gets a tariff.

Brazil will probably turn more towards China and Russia.
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Polimini
Jul 10, 2025 4:46am
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Quoting Vancarbon
You can only envisage a more unified and coherent approach from the BRICS after these recent events . A trade war on all fronts , even allies .
there is no allies, America first. His own words.
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Trader#7529
Jul 10, 2025 8:13am
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usa trade with brazil only $ 10 billions . compare to China export $200 billions. vietnam export $150 billions. brazil only export to usa only $9 billions. little or no problem. can go as high as 70% . no problem for both brazil and usa. but this is joke tariffs.
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Trader#8DF0
Jul 9, 2025 11:24pm
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Unfair trade practices….. ? who is the one started the tariffs war unlawfully lolzzzz
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Trader#6036
Jul 10, 2025 2:15am
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Someone in the Trump admin bought Puts on VALE right before the release. Fraud and grift President.
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Trader#BF61
Jul 10, 2025 8:53am
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this is to keep beef prices high in the US. Trump aint looking out for you.
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Trader#755D
Jul 10, 2025 7:06am
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what would all these tariff do to crypto??
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