Trump administration proposes 25% tariffs on Brazil despite US trade surplus
Summary
The Trump administration has proposed a 25% tariff on some Brazilian imports, accusing Brazil of unfair trade practices. Brazilian President Luiz Inácio Lula da Silva criticized the move and linked it to his political rivals in Brazil, while the US and Brazil continue talks amid tensions.Key Facts
- The Trump administration proposed a 25% tariff on certain imports from Brazil.
- The US trade representative accused Brazil of unfair trade actions and weak anti-corruption enforcement.
- The US has had a trade surplus with Brazil in goods for several years.
- Brazilian President Lula said the tariff plan was influenced by his political rivals, including Flávio Bolsonaro.
- The tariffs stem from an investigation under the Trade Act of 1974, section 301, by the US.
- Lula criticized US officials and threatened to retaliate against the tariff proposal.
- The Trump administration designated two Brazilian gangs as terrorist groups after a visit by Flávio Bolsonaro.
- A public hearing on the proposed tariffs is scheduled for July 6.
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