Economy

Trump Imposes 50% Tariff on Brazil in Defense of Bolsonaro Amid Coup Allegations

Trump Stands with Bolsonaro

US President Donald Trump has once again come to the defense of former Brazilian President Jair Bolsonaro, criticizing the ongoing investigation into an alleged attempted coup as a "witch hunt." Trump's remarks highlight his support for Bolsonaro, whom he describes as a fighter for the Brazilian people.

Economic Repercussions Announced

In a bold move, Trump announced a 50% tariff on Brazil, attributing this decision to the country's treatment of Bolsonaro. "It's shameful what they're doing to their former president," Trump stated, emphasizing his personal acquaintance with Bolsonaro.

Brazil's Response

Brazilian President Luiz Inacio Lula da Silva has vowed to reciprocate the tariff, signaling a potential escalation in trade tensions between the two nations. This development comes after Trump's initial announcement last week, further straining bilateral relations.