Brazil's Lula Slams Trump Amid Tariff Row
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If implemented, the sanctions against supreme court justice Alexandre de Moraes would dramatically escalate a widening feud between the United States and Brazil.
President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.
Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
Trump announced a 50 percent tariff on all Brazilian goods, escalating a feud over Brazil’s prosecution of former president Jair Bolsonaro. Brazil vowed to retaliate.
Donald Trump’s recent decision to impose 50% tariffs against Brazil to support Jair Bolsonaro has sparked controversy. Critics believe the move could harm rather than help Bolsonaro, rallying support for his opponent Lula amid fears of economic fallout.
In 2020, the first year of COVID-19, Embraer handed over just 44 commercial jets, compared to 89 a year earlier. It is targeting between 77 and 85 commercial aircraft deliveries in 2025.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
As Brazil's Luiz Inacio Lula da Silva and Donald Trump trade blows, the person they are fighting over has sent mixed signals to investors trying to divine who will blink first.