Summary
Former US President Donald Trump announced plans to impose a 50% tariff on goods from Brazil. He claims this action is in response to Brazil's treatment of US tech companies and former President Jair Bolsonaro's legal troubles. Trump has also sent similar letters to other countries outlining new tariffs expected to start on August 1.
Key Facts
- Trump plans to introduce a 50% tariff on Brazilian goods.
- He accuses Brazil of unfair actions against US technology firms.
- The tariff announcement is linked to the prosecution of Jair Bolsonaro in Brazil.
- Brazilian President Lula stated that Brazil would not accept external interference.
- Trump sent tariff letters to countries like Japan, South Korea, and Sri Lanka.
- Tariffs are set to begin on August 1, according to Trump's posts.
- Previous plans for tariffs were paused due to financial market reactions.
- The new tariff rate on Brazilian goods would be a significant increase from an earlier 10% rate.
