Latest threats heighten fears that the president’s erratic trade strategy risks exacerbating inflation across the US
Donald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the “witch-hunt” trial against its former president, Jair Bolsonaro.
Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – for stiff US tariffs on foreign exports starting on 1 August.
On Wednesday afternoon, Trump avoided his standard form letter with Brazil, and criticized the trial Bolsonaro is facing over trying to overturn his 2022 election loss. Trump has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020.
“This Trial should not be taking place,” Trump wrote in the letter posted on Truth Social on Wednesday. “It is a witch hunt that should end IMMEDIATELY!”
