Trump’s tariff

10 Jul

Will not accept any form of tutelage: Brazilian Prez hits out at Trump’s tariff

Brasilia, July 10 (IANS) Brazilian President Luiz Inacio Lula da Silva on Thursday (Indian time) firmly rejected any form of foreign control in response to US President Donald Trump's announcement to impose a 50 per cent tariff on goods made in the South American country. Trump unveiled the plan in his latest tariff letter, which was shared on social media where he accused Brazil of "attacks" on US tech companies and of conducting a "witch hunt" against former Brazilian President Jair Bolsonaro, who is facing prosecution over his alleged role in a plot to overturn the 2022 election. "In light…

10 Jul

Brazilian VP decries Trump’s tariff as being ‘unjust’

Sao Paulo, July 10 (IANS) Brazil's Vice President Geraldo Alckmin has said that it was "unjust" for US President Donald Trump to impose a 50 per cent tariff on Brazilian products. "I see no reason to increase tariffs on Brazil. Brazil is not a problem for the United States; it is important to reiterate that. The United States has a trade deficit, but a surplus with Brazil. Of the 10 products they most export to us, eight have a zero (tariff) rate, paying no taxes," Alckmin said in statements. On Wednesday, Trump announced a 50 per cent tariff on Brazilian…