Latin America

Eugene

(66,002 posts) Wed Jul 30, 2025, 07:09 PM Wednesday

Trump hits Brazil with whopping 50% tariffs over 'harm' to U.S. companies

Source: USA Today

Trump hits Brazil with whopping 50% tariffs over 'harm' to U.S. companies

Francesca Chambers, USA TODAY
Wed, July 30, 2025 at 4:02 PM EDT·2 min read

WASHINGTON − President Donald Trump made good on a threat to hike tariffs on imports from Brazil to a whopping 50% ahead of an Aug. 1 deadline for nations to strike trade deals with his administration or see their rates increase.

Trump also moved forward with a 50% tariff on copper products, including pipes, wires, cables and other electrical components, aimed at reducing what his administration described as an "unsustainable dependence" on foreign materials.

The president previously said he'd pursue the tariffs but signed documents on July 30 making them official, the White House said. The tariff on copper products will go into effect on Aug. 1.

Trump also directed Commerce Secretary Howard Lutnick to require that 25% of high-quality copper scrap that is produced in the United States be sold in America.

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Read more: https://news.yahoo.com/news/finance/news/trump-hits-brazil-whopping-50-200226917.html

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Trump hits Brazil with whopping 50% tariffs over 'harm' to U.S. companies (Original Post) Eugene Wednesday OP

The latest is that he has delayed it somewhat by 7 days. He is playing games again, and has added a whole lostincalifornia Wednesday #1

lostincalifornia

(4,020 posts)

1. The latest is that he has delayed it somewhat by 7 days. He is playing games again, and has added a whole

Reply to Eugene (Original post)

Wed Jul 30, 2025, 07:33 PM

Wednesday

bunch of exemptions.

"President Donald Trump delayed the implementation of 50% tariffs on Brazilian exports by seven days while exempting many products from the punishing levy, causing the country’s currency and shares in some major exporters to rally.

The executive order signed on Wednesday said the tariffs are a response to policies and actions implemented by the Brazilian government and that constitute a threat to US national security. It says former President Jair Bolsonaro, who’s standing trial for his alleged participation in coup attempt against President Luiz Inacio Lula da Silva, has been victim of “politically motivated persecution.”

Trump’s decision came with a long list of exceptions, including orange juice and civil aircraft and parts that benefit Embraer SA. The Brazilian plane maker has been working to explain the impact tariffs would have in its US operations, where it has more than 2,000 employees.

The Brazilian real erased losses of almost 1% to rise as much as 0.6% against the dollar, outperforming most emerging peers after the exemptions were outlined."

https://www.bloomberg.com/news/articles/2025-07-30/trump-orders-50-tariffs-on-brazil-to-come-into-effect-in-7-days?srnd=homepage-americas

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