Trump targets Brazil with a 50% tariff
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Tensions between the United States and Brazil have suddenly burst open. Brazil’s president promised to reciprocate against President Trump’s tariffs.
Brazilian President Lula da Silva threatens retaliatory tariffs against the US if President Trump imposes increased import taxes due to Bolsonaro's trial. Lula aims for negotiation but warns of reciprocal measures.
Brazil faces persistent inflation and rising market volatility amid U.S. tariff threats, posing serious risks to economic stability.
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,