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Brazil
The Morning Standard
|August 31, 2025
Brazil, the only country other than India that’s facing punitive levies of as high as 50%, isn’t caving in. Initially in April, tariffs stood at just 10%, but the Latin American nation attracted Trump's wrath, which all agree is not due to trade, but because of the ongoing trial by the Brazilian government against Trump’s right-wing ally Jair Bolsonaro for coup-plotting.
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Brazil imports from the US far outweigh its exports with Washington, running a trade surplus of $28.6 billion in goods and services in 2024. Still, it was slapped with 50% tariffs, potentially launching a trade war with Latin America’s biggest economy, which sells large amounts of beef, coffee, steel and others.
Diese Geschichte stammt aus der August 31, 2025-Ausgabe von The Morning Standard.
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