Trump's Trade Tariff Tensions: Brazil in the Crosshairs

In a bold move, U.S. President Donald Trump has set sights on Brazil, threatening it with a hefty 50% export tariff and launching an investigation into its trade practices. The tariffs, significantly higher than previous levies, reflect escalating tensions following allegations of censorship and unfair elections in Brazil.

As Trump's administration tightens its trade grip, he issued tariff notices to several minor trade partners, including the Philippines and Libya. Brazil ranks as the 15th largest U.S. trading partner, and the new tariffs have raised global economic concerns, overshadowing Trump's efforts to secure a deal with the European Union.

Trade talks with the EU, said to be progressing well, might offset the aggressive measures, with potential deals on the horizon. However, Trump's recent tariff hikes, claimed to increase U.S. revenue significantly, have sparked domestic criticism, with figures like Massachusetts Governor Maura Healey denouncing the strategy as detrimental to businesses.

(With inputs from agencies.)