Trump sends more tariff letters after spat with Brazil
President Donald Trump said that the US would apply a 50 percent tariff to all imports from Brazil after a public saliva this week.
In a letter on Wednesday, Trump attached the tariffs to the former president Jair Bolsonaro, who was tried on charges of planning a coup planning to stop the start of Brazil’s President Luis Inacio Lula Da Silva in 2023.
The letter was “partly due to the insidious attacks of Brazil on free elections and the Fundamental Free Speech Rights of Americans”.
The real currency of Brazil was added to previous losses that would fall more than two percent against the dollar after the announcement, and companies such as Planemaker Embraer and Petroleum Major Petrobras also experienced setbacks on the US stock exchange, because the markets reacted to taxes that are expected to give great pain in Brazil.
The Brazilian government did not immediately comment on Trump’s tariffs, but Vice President Lula, Minister of Finance and others were called to discuss new taxes in the emergency meeting in Brasilia on Wednesday night.
The US, the second largest trade partner in Brazil after China and the tariffs are greater than 10 percent announced in April. Trump’s letter said that 50 percent tariff will begin August 1 and will be separate from all sectoral tariffs.
On Monday, Lula attacked Trump after threatening to apply 10 percent more tariffs to the BRICS developing group as “anti -American konu during the US leader Rio de Janeiro.
“The world has changed. We don’t want Emperor, Lula Lula said when reporters were asked for a possible BRICS tariff.
“We are dominant nations, Lu Lula said.
“If he thinks he can apply a tariff, other countries have the right to bring tariffs.”
The tensions between the United States and Brazil were concentrated on Wednesday after the Brazilian Ministry of Foreign Affairs called the US Embassy in the US Embassy from a statement defending Bolsonaro.
At the same time, Trump, who spoke to journalists at an event with the West African leaders in the White House, said Brazil said that the tariff rates would be based on “very, very important facts” and past history.
In a statement on Wednesday, the US Embassy in Brasilia confirmed that Chargé d’Affares had a meeting with the Brazilian Foreign Ministry officials, but refused to share details about the conversation.
In his letter, Trump led US Trade Representative James Greer to launch an investigation in which US companies call the US companies as unfair trade practices for the digital trade, especially US companies. Trump also said from the Supreme Court of Brazilian social media companies.
Tariffs on Brazil can have a significant impact on food prices in the US. Approximately one -third of the coffee consumed in the United States, the world’s largest beverage smoker comes from Brazil, the world’s largest coffee breeder. According to industrial groups, annual Brazilian coffee exports to the USA is close to eight million bags.
On Wednesday, Trump sent a letter dam to seven countries dictating the new tariff rates as of August 1st.
Trump published all the eight -page letter appealing to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, Sri Lanka and Brazil.
Most recently, the party comes two days after sending letters to 14 countries, including Key allies Japan and South Korea, and said that they wait for higher tariffs unless a new trade agreement could be made.
Algeria, Libya, Iraq and Sri Lanka faced 30 percent tariff rates, while Brunei and Moldova were threatened by 25 percent and 20 percent with Philippines.
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