US President Donald Trump said he was planning to impose a 50% tax on goods made in Brazil, escalating his fight with the South American country.
He announced the plan in his latest tariff letter, which was shared on social media.
Trump accuses Brazil of “attacks” on US tech companies and of conducting a “witch hunt” against former far-right president Jair Bolsonaro, who is facing prosecution over his alleged role in a plot to overturn the 2022 election.
Responding in a social media post, Brazilian President Luiz Inácio Lula da Silva said an increase in tariffs on Brazil would be reciprocated, and he warned against any interference in the nation’s judicial system.
Trump also sparred with Lula about Bolsonaro’s trial earlier this week.
At the time, Lula said Brazil would not accept “interference” from anyone and added: “No one is above the law.”
Trump said a 50% tariff on copper imports, that he announced earlier this week, will come into effect on 1 August.
He said in a social media post that the decision was made due to national security concerns.
You will.recall Trump has posted 22 letters to countries around the world this week, including trade partners such as Japan, South Korea and Sri Lanka, outlining new tariffs on their goods which he says will come into force on 1 August.
Those moves have largely served to revive plans he had put forward in April, but that were put on hold after financial markets recoiled at the measures.
But the message to Brazil was a far more targeted missive and threatened a significant increase from the 10% tariff the White House had previously announced on goods from the country.
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