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Trump's Tariffs, Tax Cuts, And Tensions With Brazil Stir The Pot: This Week In Economy
The past week has been a whirlwind of economic and political events. From record-breaking customs duty collections to billionaire investors casting doubt on tariff outcomes, the week was filled with intriguing stories.
Targeting Brazil, Trump Tests Legal Limit of His Tariff Powers
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.
Trump's 50% Brazil tariff stretches emergency powers already facing court challenge
Critics say the tariff on Brazil could further erode the Trump administration's credibility as it pursues an aggressive trade agenda.
Brazil has few exit routes from Trump tariff but feels less pain
When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country's former far-right leader, Washington left Latin America's largest economy with few options to deescalate but may have overestimated the country's vulnerability to the levies.
Trump threatens Brazil with massive 50% tariff, citing "Witch Hunt" against ex-president Bolsonaro
One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.
Trump tariffs goods from Brazil at 50%, citing ‘witch hunt’ trial against country’s former president
President Donald Trump is singling out Brazil for import taxes of 50%, citing its treatment of its former president, Jair Bolsonaro.
Under Attack by Trump’s Tariffs, Asian Countries Seek Out Better Friends
Most nations are still negotiating in hopes of avoiding punitive import taxes. At the same time, they’re looking for trading partners as a way around the United States.
Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open
BRASILIA, July 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump’s threat of 50% tariffs on Brazilian exports, but vowed to reciprocate like-for-like if they take effect on August 1.
Trump says he will hit E.U. and Mexico with 30% tariff
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.
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