US Launches Trade Investigation Against Brazil
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Brazil, Bolsonaro and President
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Trump's Aug 1 trade deal deadline is looming. Meantime, video streamer Netflix and food maker PepsiCo both said that a weaker dollar is boosting earnings from sales made overseas.
Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a "mutually acceptable" deal after U.S. President Donald Trump announced a 50% tariff on Brazilian goods starting in August.
Trump launches investigation into Brazilian digital trade practices in on-going battle with Brazil over the dollar's hegemony
Brazilian President Luiz Inácio Lula da Silva has hit back at Donald Trump’s tariff threats, saying that his American counterpart was elected as the leader of the United States and “not to be the emperor of the world.
The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.
2don MSNOpinion
Brazil’s judiciary has started sweeping crackdowns on speech and political rivals. A U.S. tariff response signals the crisis has gone international.
Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.
Kevin Hassett, a top economic advisor to President Trump, was out defending the administration's threat of a 50% tariff on imports from Brazil. The U.S. has a trade surplus with Brazil, in contrast to