Brazil's Lula slams Trump's tariff threat
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SAO PAULO (AP) — Brazil’s former President Jair Bolsonaro has been ordered to wear an ankle monitor, authorities said on Friday, in a move he described as “a supreme humiliation.” The development came as federal police conducted searches at his home and his party’s headquarters in Brasília, in compliance with a Supreme Court order.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.
President Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
Frozen concentrate orange juice futures have risen about 25% since President Trump said late Wednesday that he would impose 50% tariffs on imports from Brazil starting next month. Orange juice fut
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Money Talks News on MSNTrade War Alert: Brazil Promises Tariff Retaliation That Could Cost American JobsPresident Trump's planned 50% tariffs on Brazilian imports starting August 1 could significantly increase your household expenses. In addition, Brazilian President Lula promises matching retaliation that may hurt American workers and businesses.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday.