Brazil Urges Trade Talks With U.S
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Once called the planet’s most popular politician, President Luiz Inácio Lula da Silva of Brazil faced long odds in next year’s election. President Trump’s tariffs are changing that.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Brazil is Florida’s biggest international trading partner for buying what the Sunshine State sells, and tariffs might make orange juice prices soar.
President Donald Trump’s letter to the president of Latin America’s largest country threatening it with tariffs reads more like an angry venting exercise than sound trade policy.
In 2020, the first year of COVID-19, Embraer handed over just 44 commercial jets, compared to 89 a year earlier. It is targeting between 77 and 85 commercial aircraft deliveries in 2025.
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President Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
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The trade investigation ostensibly regards unfair trade practices and will examine concerns such as Brazilian tariffs and digital trade policies.
Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday.