Trump, copper and Tariff
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Donald Trump, Asia
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Trump, Tariffs
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Brazilian President Luiz Inácio Lula da Silva says he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50%.
The president has published just 22 letters, many to minor trading partners like Brunei, Moldova and Sri Lanka.
Price increases could hit coffee, shoes, appliances and other products as a result of President Donald Trump’s new tariffs in recent days, analysts told ABC News.
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Tarcísio de Freitas, governor of São Paulo state and a former infrastructure minister under Bolsonaro, told reporters Thursday that the U.S. tariffs would have a negative impact on the economy and for important industrial exporters from his state, including Brazilian plane maker Embraer.
Brazil’s annual inflation ticked up further above target as US President Donald Trump rattled Latin America’s largest economy with plans to impose 50% tariffs on all its goods and services. Official data released Thursday showed consumer prices accelerated to 5.
Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies.