Customs conflict: Trump imposes 50 percent inches against Brazil

Customs conflict: Trump imposes 50 percent inches against Brazil

Customs conflict
Trump imposes 50 percent inches against Brazil






With his customs policy, US President Donald Trump is now also targeting South America’s largest economy – and links the unusually high tax with political demands.

According to the high customs against Brazil announced by US President Donald Trump, both countries are heading for a trade conflict. Trump had announced a custom of 50 percent on the import of products from Brazil on Wednesday evening from August 1st and linked this with sharp criticism of Brazil’s President Luiz Inácio Lula da Silva. Lula announced retaliation and emphasized that his country could not be patronized by anyone. Every one -sided increase in tariffs is answered in accordance with the Brazilian law on economic reciprocity.

Trump takes Bolsonaro protected: witch hunt has to end

Trump criticizes Brazil for dealing with the controversial former president Jair Bolsonaro. The right ex-president is on trial because after his election defeat in 2022 he is said to have planned a coup attempt against the government of his successor Lula. He rejects the allegations. Trump wrote in the customs letter that Bolsonaro was highly respected in his reign. The US President asked: “This is a witch hunt that should end immediately”.

Lula, on the other hand, kept on platform X: “Sovereignty, respect and the unshakable defense of the interests of the Brazilian people are the values ​​that lead our relationship to the world.” At the same time, he emphasized that the judicial proceedings against those responsible for the planning of the state coup fell exclusively into the responsibility of the Brazilian judiciary and are therefore not the subject of interference or threats that could endanger the independence of the national institutions.

Brazil is the largest economy in South America. According to China, the United States is the second most important trading partner and a great investor in the country. The entire goods trade in the United States with Brazil was around $ 92 billion in 2024, according to the US statistics office. The US goods exports to Brazil were therefore $ 49.7 billion, the goods imports from Brazil $ 42.3 billion. According to the information, the United States gave a trade surplus of $ 7.4 billion.

Customs letters also to other countries

Hours earlier, Trump had already announced another boost of customs letters. The European Union was initially not among them. The new letters were addressed to Iraq, Libya, Algeria, Moldova, Philippines, Brunei and Sri Lanka. Since Monday, the US President has made the new customs rules known for goods to the United States. He justifies the tariffs with a previous imbalance.

This is the current status with start 1st August:

Japan: 25 percentage -south korea: 25 percentage malays: 25 percentage -south -southafrika: 30 percent Laos: 40 percent tunesia: 25 percent bosnia and Herzegovina: 30 percentia: 32 percentage bangladesh: 35 percentages erbia: 35 percentage chamber bodschailand: 36 percentage: 36 percent 30 Prants: 30 percentages: 30 percent Moldova: 25 percent philippines: 20 percent brune: 25 Prantsria Lanka: 30 percent brazil: 50 percent

Trump also announced that the already announced tariffs of 50 percent will also apply to copper, depending on the country from August 1st. The US President wrote on the Truth Social platform: “America will again build a dominant copper industry.”

dpa

Source: Stern

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts