💨 Abstract

Brazil expressed outrage over the U.S. plan to impose a 50% tariff on Brazilian products starting August 1. Brazil's officials warned of severe economic impacts and potential risks to the economic alliance. They urged the U.S. to negotiate the dispute, highlighting ongoing diplomatic efforts. The tariff follows U.S. President Donald Trump's accusation that Brazil is persecuting ex-president Jair Bolsonaro. In response, President Lula announced a committee to protect Brazil's economy.

Courtesy: WTOP Staff