Brazil, Jair Bolsonaro and Trump
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Critics say the tariff on Brazil could further erode the Trump administration's credibility as it pursues an aggressive trade agenda.
President Donald Trump on Wednesday levied a 50% tariff against Brazil, which produces more than a third of the world's coffee, citing, in part, the country's treatment of former President Jair Bolsonaro,
Brazilian President Lula da Silva warns of retaliatory tariffs on the US if Trump imposes a 50% levy over Bolsonaro's trial, risking a trade war. View on euronews
Copper futures rose dramatically following President Trump's plan for a 50% import tariff, pushing domestic prices to a 25% premium over global markets amid growing demand.