Trump, Brazil and Lula
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Hawaiian coffee farmers have a message for President Donald Trump: Steep tariffs on major exporters such as Brazil will end up hurting them, too.Hawaii at first glance might seem the obvious beneficiary of tariffs on coffee.
Brazilian President Luiz Inácio Lula da Silva urged President Trump to negotiate a trade agreement this week as the U.S. has pursued increasingly aggressive action over the criminal prosecution of
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Newspoint on MSNTrump's tariff threat pushes Lula's popularity, worsens legal troubles for Brazil's ex-leaderUS President Donald Trump may have thought that pressuring Brazil with higher tariffs would help his ally, the country's former President Jair Bolsonaro, but the move apparently backfired. Last week,
While some evidence shows tariffs are pushing up prices for consumers, the economy appears to be mostly healthy.
Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties, ordering the former president to wear an electronic ankle tag, barring him from speaking to foreign officials or approaching embassies and prohibiting him from using social media.
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Money Talks News on MSNTrade War Alert: Brazil Promises Tariff Retaliation That Could Cost American JobsPresident Trump's planned 50% tariffs on Brazilian imports starting August 1 could significantly increase your household expenses. In addition, Brazilian President Lula promises matching retaliation that may hurt American workers and businesses.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.