Trump targets Brazil with a 50% tariff
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Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
Private jet operator Flexjet, a key U.S. customer of Embraer, suggested on Thursday it would stand by a record deal with the Brazilian planemaker despite turmoil from fresh trade tensions between the U.
Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,
US equity markets showed a mixed mid-day performance on Thursday (Jul 10) as investors weighed President Donald Trump’s new tariff policies. The Nasdaq declined, led by weakness in software stocks, while the broader market held steady,
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."
Brazilian President Lula da Silva threatens retaliatory tariffs against the US if President Trump imposes increased import taxes due to Bolsonaro's trial. Lula aims for negotiation but warns of reciprocal measures.
The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.
Brazil's stock market was dragged lower by its financial sector on Thursday while the real currency rebounded, a day after U.S. President Donald Trump's shock move to slap 50% tariffs on imports from Latin America's largest economy,
Brazil faces persistent inflation and rising market volatility amid U.S. tariff threats, posing serious risks to economic stability.