U.S. President Donald Trump has announced a 50% tariff on most Brazilian imports in response to what he calls a “witch hunt” against former President Jair Bolsonaro. The move, one of the steepest tariffs in recent U.S. trade policy, coincides with sanctions targeting Brazilian Supreme Court Justice Alexandre de Moraes, who oversees Bolsonaro’s coup-plot trial.
The tariffs, effective August 6, exclude major sectors such as civil aircraft, energy, pig iron, wood pulp, and fertilizers—an exemption likely aimed at protecting U.S. companies reliant on these imports. Embraer and Suzano, two major Brazilian exporters, saw their shares rise following the announcement as their industries were shielded from the steepest duties.
Brazil’s government, led by President Luiz Inácio Lula da Silva, expressed relief but stressed the impact remains significant, particularly for beef and coffee exporters. The American Chamber of Commerce for Brazil reported that 43.4% of Brazilian exports to the U.S. by value were exempted, covering roughly 700 products. However, key sectors like beef and coffee face severe losses, with Brazil’s beef industry estimating $1 billion in damages for the second half of 2025.
Diplomatic tensions have escalated, with Brazilian Foreign Minister Mauro Vieira meeting U.S. Secretary of State Marco Rubio to seek tariff negotiations, though he ruled out linking Bolsonaro’s legal troubles to trade talks. Analysts argue the exemptions reflect effective Brazilian lobbying while critics in the U.S. label the tariffs politically motivated and harmful to consumers, warning of higher coffee prices and broader trade disruptions.
The tariffs underscore rising geopolitical friction as Trump uses economic measures to influence foreign legal proceedings, reshaping U.S.-Brazil relations amid ongoing political and trade volatility.


Hong Kong Faces Low Turnout in “Patriots-Only” Election Amid Public Grief After Deadly Fire
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease
IMF Deputy Dan Katz Visits China as Key Economic Review Nears
Taiwan Signals Openness to Renew Ties with Honduras as Election Unfolds
Honduras Election Turmoil Intensifies as Nasralla Blames Trump for Shift in Results
Cuba Reaffirms Anti-Drug Cooperation as Tensions Rise in the Caribbean
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative
UN General Assembly Demands Russia Return Ukrainian Children Amid Ongoing Conflict
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
European Stocks Rise as Markets Await Key U.S. Inflation Data
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut
New Orleans Immigration Crackdown Sparks Fear as Federal Arrests Intensify 



