Trump, Brazil and Bolsonaro
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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.
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.
12hon MSN
President Donald Trump on Wednesday announced higher tariff rates for more countries in a flurry of social media posts.