In a letter to Brazilian President Luiz Inacio Lula da Silva, Trump called Bolsonaro’s trial an “international disgrace” and warned against its continuation. He also announced an investigation into Brazil’s trade practices, marking a sharp turn in relations between the two nations.
Trump’s latest measure aligns with his aggressive trade policy, targeting countries where the US faces significant deficits. However, Brazil is an exception, as the US maintains a trade surplus with the South American nation.
While some rates remain close to April’s initial threats, others have been adjusted downward. Trump postponed the original June deadline, giving countries until August to negotiate or face higher tariffs.
Key allies like Japan, South Korea, Indonesia, Bangladesh, and Thailand have also received similar notices. Meanwhile, negotiations with the European Union remain in focus, with Trump hinting at an imminent tariff update for the bloc.
Additional levies on copper (50 percent) and pharmaceuticals (up to 200 percent) are also planned, with incentives for manufacturers to relocate operations to the US. - AFP
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