According to reports, US President Donald Trump has announced a 50% tariff on Brazil. Trump mentioned a ‘witch hunt’ targeting Brazilian President Bolsonaro.
Key highlights:
• Tariffs imposed by US President Trump on Brazil
• Tariff rate set at 50%
• Trump alleges a ‘witch hunt’ against Bolsonaro
The development may impact global trade dynamics and could lead to retaliatory measures from Brazil.
Source: Latest Business News Today: Stock Markets, Financial News, India Business & World Business News