Trump signals 50% tariff on Brazil
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Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say.
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Trump Imposing "Temper Tariffs" to "Appease His Brazilian Boo" - Says Kamlager-DoveRep. Sydney Kamlager-Dove slammed Trump’s latest move to threaten tariffs on Brazil, calling it a political ploy to appease his Brazilian connections. She claims that instead of focusing on building global alliances,
Venezuela has unilaterally reimposed import tariffs ranging from 15% to 77% on Brazilian products, a move that violates the Economic Complementation Agreement (ACE 69) signed between the two countries in 2014.
U.S. President Donald Trump’s aggressive tariff policies, announced in a series of letters to global trading partners, are sending shockwaves through the world economy.
President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart and Wegmans by as much as 25%, according to one US-based orange juice importer.
Senator Lindsey Graham (R-S.C.) issued a stark warning to China, India, and Brazil, indicating that they could face severe economic consequences for continuing to purchase Russian oil.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
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