'Purely political': Why Trump's 50 percent tariff on Brazil raises concerns
MSNBCยท2025-07-10 15:23
President Trump sent letters to more countries yesterday threatening higher tariffs if they don't reach a trade deal with the US by August 1st. Of the eight countries who received letters, only Brazil is a major American trading partner, ranking 10th overall. It faces a possible tariff of 50% next month.The higher taxes are because of the trial for its former president Yaier Jaire Bolsinaro. He is a Trump ally who is accused of trying to overturn his 2022 election loss. In the letter announcing Brazil's tar ...