Category: Economy
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International Press Reports on Trump’s Tariff Hike Against Brazil
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Newspapers around the world reported on the imposition of a 50% tariff announced by U.S. President Donald Trump on all Brazilian products exported to the United States. In a letter posted on social media and addressed to President Luiz Inácio Lula da Silva, Trump says the tariffs will take effect on August 1st. In the…
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U.S. Tariffs Expected to Drive Down Prices and Affect Strategic Sectors
The imposition of 50% U.S. trade tariffs on all Brazilian exports will effectively close the market between the two countries, impacting strategic industrial sectors, jobs, and food prices, according to experts.
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Brazil Will Respond to US Tariffs with Reciprocity Law, Lula Says
President Lula announced that Brazil will invoke the Reciprocity Law in response to the 50% tariff imposed by the US on its exports.
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Trump Sets 50% Tariff on Brazil, Criticizing Treatment of Former President Jair Messias Bolsonaro
President Trump announced a 50% tariff on Brazilian products starting August 1st, harshly criticizing the treatment of former President Jair Bolsonaro, whom he called a victim of a “witch hunt.”
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Brazil will respond to US tariffs with reciprocity law, says Lula
President Luiz Inácio Lula da Silva stated on Wednesday (9) that Brazil will respond to the 50% tariff on all its exports to the United States by invoking the Reciprocity Law. On social media, the president defended Brazil’s sovereignty and rejected the claim by US President Donald Trump that the tax is due to a…
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Trump Imposes 50% Tariff on Brazil, Criticizing Treatment of Former President Jair Messias Bolsonaro
President Trump sent a letter to inform the Brazilian president that he plans to impose a 50% tariff on “any and all Brazilian products sent to the United States” starting August 1st. Trump posted the letter on social media on Wednesday afternoon (9th), his 22nd such letter this week. However, this letter diverged significantly from…
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Elon Musk loses R$ 70 billion as Tesla shares fall after launch of political party in the US
The political turbulences stemming from billionaire Elon Musk have once again directly impacted the financial markets. On Monday (7), Tesla shares plummeted more than 4%, widening the accumulated losses from recent months and causing a reduction of US$ 13.5 billion (approximately R$ 70 billion) in the businessman’s net worth. The information comes from Reuters. The…
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BRICS Unites Aspirations of Brazil, India, and Africa for Security Council
The BRICS Leaders’ Declaration, released this Sunday (6) during the bloc’s meeting in Rio de Janeiro, brings together the interests of Brazil, India, and African countries to become permanent members of the United Nations Security Council (UN). The inclusion of the different bids for the Council was one of the points of tension among the…
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Trump threatens countries that align with BRICS with 10% tariff
Amid the BRICS summit taking place in Rio de Janeiro, the President of the United States (USA), Donald Trump, threatened extra tariffs on products from countries that align with the group, formed by 11 nations, including Brazil, Russia, India, China, and South Africa. The post was made on his Truth Social profile. “Any country that…
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Milei pressures for trade opening in Mercosur: “we will do it together or alone”
During his closing speech of Argentina’s pro tempore presidency in Mercosur, President Javier Milei made clear the priority of his administration: opening new markets for Argentine exports. Milei advocated for a more flexible bloc with fewer internal barriers, describing the current model as restrictive: “it cannot continue to be an iron curtain for its members,”…