Brazil, Trump and tariff
Digest more
Brazilian Finance Minister Fernando Haddad said on Thursday a contingency plan in response to higher U.S. tariffs will be presented to President Luiz Inacio Lula da Silva from Monday and will include a menu of measures,
A Supreme Court judge ordered an investigation into potential insider trading in Brazil’s currency markets around the announcement of US tariffs on Brazilian goods.
The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence other policies of foreign countries.
Brazil's Finance Minister Fernando Haddad said on Monday that negotiations with the United States are ongoing.
Brazil scrambled to craft a measured but strong response to US President Donald Trump’s surprise tariff hike on Thursday in hopes of shielding key industries, while analysts predicted the tariffs would drive the country closer to China.
Trump said in a letter that the new tariff — a massive jump from the 10% rate the U.S. imposed on imports from Brazil in early April — is also a response to the "very unfair trade relationship" between the two countries. The letter to da Silva followed ...