Trump targets Brazil with a 50% tariff
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Brazil downplays effects of US tariffs proposed by President Trump, as leaders signal a cautious willingness to negotiate. Brazil predicts minimal economic impact, despite concerns from exporters. Trump justifies tariffs amidst controversial legal proceedings against former President Bolsonaro.
Private jet operator Flexjet, a key U.S. customer of Embraer, suggested on Thursday it would stand by a record deal with the Brazilian planemaker despite turmoil from fresh trade tensions between the U.
President Trump escalates his trade war, imposing new tariffs on Mexico and the EU. The move raises concerns about rising consumer prices and economic uncertainty.
Brazil is urgently responding to U.S. President Trump's new 50% tariffs on Brazilian exports. President Lula convened a cabinet meeting to address the issue, while emphasizing diplomatic solutions. Economic and political tensions are heightened as market impacts are already visible in certain sectors,
Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.