Trump’s latest salvo brings duties on various Brazilian goods from 10 percent to 50 percent, although broad exemptions -- including for orange juice and civil aircraft -- are expected to soften the blow.
But analysts said it still hits key goods like coffee, beef, and sugar.
Bolsonaro is on trial for allegedly plotting to hold onto power after losing the 2022 elections to President Luiz Inacio Lula da Silva.
But analysts have flagged major exclusions in the tariff hike.
“The tariffs are not good, but they expected worse,“ Sader said in a recent note.
“The government seems to be looking to subsidize some of the most impacted sectors, but we might see Brazil looking to diversify its export markets,“ she told AFP.
Analysts at Pantheon Macroeconomics estimate that these incoming tariff increases are expected to boost the average effective tariff rate for US imports to nearly 20 percent.
‘Off the table’
While the 70-year-old is barred from social media during legal proceedings -- with third parties also not allowed to share his public remarks -- his allies defied the order on Sunday.
Trump’s pressure campaign has angered many Brazilians but endeared him to Bolsonaro’s conservative base.
“And President Lula has been firm that the government is open to dialogue and negotiations, but not to foreign interference on Brazilian affairs,“ she added.
“Brazilian sovereignty is off the table,“ she said.
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