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The U.S. will impose a 50% tariff on all imports from Brazil starting August 1, President Trump announced on Wednesday.⁣ ⁣ The move follows a diplomatic clash with President Lula, who accused Trump of acting like an “emperor” and vowed to retaliate.⁣ ⁣ Trump linked the tariffs to Brazil’s treatment of Jair Bolsonaro, who is on trial for allegedly plotting a coup in 2023. In a letter, Trump cited attacks on “free speech” and “free elections.”⁣ ⁣ Brazil’s real fell more than 2% and major firms like Petrobras and Embraer saw losses. Lula called the U.S. measures “false and unjustifiable,” and said Brazil would defend its sovereignty.⁣ ⁣ #USBrazil #Tariffs #Trump #Lula #Bolsonaro #GlobalTrade #Geopolitics

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    • usbrazil
    • geopolitics
    • bolsonaro
    • tariffs
    • trump
    • lula
    • globaltrade