Trump announces 50% tariff on Brazil, citing a ‘witch-hunt’ against Bolsonaro
by Callum Jones in New York from US news | The Guardian on (#6YHFM)
Latest threats heighten fears that the president's erratic trade strategy risks exacerbating inflation across the US
Donald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the witch-hunt" trial against its former president, Jair Bolsonaro.
Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries - the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka - for stiff US tariffs on foreign exports starting on 1 August.
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