US President Donald Trump mentioned he was once making plans to impose a 50% tax on items made in Brazil, escalating his battle with the South American nation.
He introduced the plan in his newest tariff letter, shared on social media, accusing Brazil of “assaults” on US tech corporations and carrying out a “witch hunt” in opposition to former far-right president Jair Bolsonaro, who’s going through prosecution over his function looking to overturn the 2022 election.
Trump had already sparred with Brazilian president Luiz Inácio Lula da Silva over Bolsonaro’s trial previous this week.
On the time, President Lula mentioned Brazil would now not settle for “interference” from any person and added: “No person is above the legislation.”
Trump has posted 22 letters to international locations world wide this week, together with business companions corresponding to Japan, South Korea and Sri Lanka, outlining new price lists on their items he says will come into power on 1 August.
The strikes have in large part served to restore plans he had put ahead in April however that had been placed on hang after monetary markets recoiled on the measures.
However the message to Brazil was once a much more focused missive and threatened a vital building up from the ten% fee the White Area had up to now introduced.
