President Trump is represented during the celebration of Halute To America in Iowa State Fairgrounds at monks on July 3.
Andrew Caballero-Reynolds / AFP via Getty Images
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Andrew Caballero-Reynolds / AFP via Getty Images
President Trump broke out in his format of pricing letters to tell the president of Brazil that he plans to put a 50% rate on “all Brazilian products sent to the United States” from August 1.
Trump published the letter on social networks Wednesday afternoon, his 22nd letter this week. However, this letter has become clearly from others that Trump has published. All other letters were similar, saying to countries that new prices were intended to rectify commercial imbalances with the United States
The letter to Brazil, however, concerned Brazilian policy. Trump wrote that Brazilian prices are necessary in part “to rectify the serious injustices of the current regime”, and in particular what Trump called a “witch hunt” against the former Brazilian president Jair Bolsonaro.
Bolsonaro is currently tried for allegations that he and allies have planned a coup to try to stay in power after the far -right president lost in a re -election offer The left Lula da Silva in 2022.
Trump has long praised Bolsonaro, and he continued to do so in his letter.
Trump wrote that he “knew and took care of former president Jair Bolsonaro, and respected him greatly”, and said that the way the former chief had been treated in Brazil “is an international shame”.
Wednesday’s pricing letter follows an announcement that Trump made earlier this week than the members of the BRICS Alliance, including Brazil, would be subject to an additional 10%rate. It was not clear if this rate rate would be applied in addition to the rate of 50% that Trump offers.
Brazil organized a summit of the countries of the BRICS earlier this week, notably the original members of the BRICS – Brazil, Russia, India, China and South Africa – as well as new members, notably Egypt and Indonesia.
At this summit, in response to Trump’s BRICS’s pricing threat, Da Silva retaliated on Trump.
“We do not want an emperor, we are sovereign countries,” said Lula in a speech. “It is not fair for a president of a country the size of the United States to threaten the world online.”
Price letters are the result of months of observation and waiting when Trump decided what to do with the global prices he announced on April 2. That day, he announced prices on almost all countries, with prices ranging from 10 to 50%.
After the investors became panicked and the stock markets fell, Trump fell his prices, putting in place what he called a “break” of 90 days until July 9, during which all these prices would be held at 10%.
Trump had said that he would make the prices with the countries by July 9, but so far, only two have been announced. Trump this week started the deadline for August 1. Instead of announcing additional offers, he began to publish these letters.
The price offered 50% Wednesday is a massive leap compared to the 10% price that Trump announced for Brazil on April 2. It is also not intended to correct a trade deficit – in 2024, the United States had a Trade a surplus with Brazil.
