Brazil's Lula slams Trump's tariff threat
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The US imposed visa ban against several high-ranking Brazilian judicial officials, including Supreme Court Justice Alexandre de Moraes.
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CT Insider on MSNTrump’s Brazil coffee tariff has CT businesses worried about higher prices for U.S. consumersCoffee provides those that drink it with a surge of caffeine to get them started each day, but if President Donald Trump makes good on his threat to impose a 50% tariff on Brazilian imports, getting a jolt of java will likely cost a lot more.
Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.
The prices of coffee and orange juice could be impacted if no trade agreement is reached by the deadline. Tariffs could also contribute to higher beef prices.
President Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a "mutually acceptable" deal after U.S. President Donald Trump announced a 50% tariff on Brazilian goods starting in August.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
Brazil’s Supreme Court issued search warrants and restraining orders against Bolsonaro on Friday, banning him from contacting foreign officials over allegations he courted the interference