Trump Slaps 50% Tariff On Brazil
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President Donald Trump posted several more letters on social media on Wednesday, setting tariff rates ranging from 20% for products from the Philippines to 30% for products from Algeria, Iraq, Sri Lanka,
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ET Now on MSNDonald Trump’s tariff hits 8 more nations: Is Brazil's 50% tax about Bolsonaro rather than trade imbalance? EXPLAINEDTrump avoided his standard form letter with Brazil, specifically tying his tariffs to the trial of Bolsonaro, who is charged with trying to overturn his 2022 election loss. Trump has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020.