by Callum Jones in New York on (#6YHFM)
Latest threats heighten fears that the president's erratic trade strategy risks exacerbating inflation across the USDonald 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. Continue reading...