Trump hit Brazil with a 50% tariff with ‘Witch Hunt’ on a pre-leader Bolsoro test
US President Donald Trump on Wednesday excluded Brazil for import taxes of 50 percent for the treatment of his former President Zayer Bolsono, suggesting that individual groots instead of simple economics are playing a role in the use of a American leader’s tariff.
The President on his social media account on Wednesday informed some countries that he would face tariff rates in double digits starting on August 1.
Trump avoided his standard form letter with Brazil, especially tied his tariff to testing Bolsoro, who is accused of trying to overturn his 2022 electoral loss. Trump has described Bolsoro as a friend and hosted the former Brazilian President at his Mara-e-Lago Resort when the two were in power in 2020.
Trump addressed his tariff letter to Brazilian President Luiz Eneasio Lula Dr. Silva, who made Bolsonaro the best in the 2022 election.
The Brazilian Real, after June 6, first dropped 2.8 percent in the night trading to hit 5.6047 per dollar after June 6, and was changing for the last time at 5.5826 per dollar.
“The reasons are clearly politically motivated. Brazil is actually one of the very few countries with a trade deficit with America,” FX analyst of Comorzbank said in a statement.
“This is worrying not only for the real Brazilian but also for the US dollar; you can’t make sure which country could be ahead,” he said.
In addition to oil, Brazilian sells orange juice, coffee, iron and steel to the US among other products, but the country exports more goods to the European Union and China according to the World Trade Organization data.
According to data from the US Census Bureau, Brazil is a 15th largest American trading partner in 2024 with a total of two-way trade of $ 92 billion US and a rare $ 7.4 billion in 2024.
Lula, as he is familiar in his country, said in a statement that Brazil “will not be accepted for anyone given by anyone who is given by anyone.” He promised mutual action if the US moves effective, and reported that the US had a $ 410 billion business surplus with Brazil over the last 15 years.
Trump’s argument for tariffs, at least, did not rest in any small portion of the US trade deficit.
Brazil VP called Trump ‘misunderstanding’
Bolsoro testified before the Supreme Court of the country in June on the alleged conspiracy to remain in power after the 2022 election loss. In the coming months, judges will hear 26 other defendants. A decision may come in early September, with legal analysts.
Brazilian top election court is already Bolsorno disqualified to run to office by 2030On the basis that he misused his power during the 2022 campaign and canceled the doubt on the country’s electronic voting system.
Trump was accused in 2023 for his efforts to reverse the results of the 2020 US presidential election.
On 8 January, supporters of former Brazilian President Jair Bolsoro created a storm in the Brazilian Congress, protesting their election loss. The Brazilian report editor-in-chief Gustavo Ribero and Paadar 360 senior editor Gilharame Walteenberg broke what happened and what role happened by the former Brazilian President.
Brazil Vice President, Geraldo Alkmin, stated that he sees “no reason” for America to increase tariffs on the South American nation.
“I think he is misinformed,” Alkmin said about Trump. “President Lula Was jailed for about two yearsNo one questioned the judiciary. Nobody questioned what the country has done. This is a case for our judiciary branch. ,
Trump also objected to the Fines of Supreme Court of Brazil of social media companies, saying that the temporary blocked “secret and illegal censorship orders” last year.
The companies that the Supreme Court fined was X, which was not specifically mentioned in Trump’s letter. The X is owned by Elon Musk, in the 2024 election, Trump’s multidibilonor Backer, who led the President’s government’s efficiency department and ended recently and ended with a public fight over the increasing budget plan of the US President’s deficit.
Trump also owns a social media company, Truth Social.
Trump also targeted small business partners
Trump said he is initiated an investigation under Section 301 of the 1974 Business Act, which applies to companies with business practices that are considered unfair to American companies.
Starting on August 1, the tariff will be a dramatic growth at the rate of 10 percent, which Trump imposed on Brazil as part of his April 2 “Mukti Day”.
Trump initially announced his comprehensive tariff by announcing an economic emergency, 1977 using laws To argue that the US was at risk due to frequent trade imbalances. But this argument becomes problematic in this particular case, as Trump is connecting his tariff to Bolsoro test, and exports more to Brazil than American imports.
Trump also sent letters to leaders of seven other countries on Wednesday. Any of them – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – are a major industrial rival to the United States.
Trump has stated that high tariff rates they are determining is based on trade imbalance, but it was not clear that their targeting of countries on Wednesday would help re -establish America.
Most of the economic analyzes say tariffs will spoil inflation pressure and reduce economic growth, but Trump has used taxes to claim the US diplomat and financial power on both rivals and colleagues. Their administration is promising that tax trade on imports will reduce the imbalance, offset some costs signed in the law on Friday and cause factory jobs to return to the United States.
