Trump slapped the Brazil by 50 % tariffs, and explicitly linked the work to try Gear Bolsonaro’s ally

Trump has avoided his record speech with Brazil, specifically linking his definitions to the trial of Bolsonaro, who was charged with trying to lose in the elections for 2022. Trump described Bolsonaro as a friend and hosted the former Brazilian president in his resort in Mar Lago when both were in power in 2020.

Trump wrote in the letter published on the social truth: “This trial should not occur.” “It is a charming chase that must end immediately!”

There is a feeling of kinship as Trump was charged in 2023 for his efforts to cancel the results of the US presidential election for the year 2020. The US President addressed his introductory message to Brazilian President Luiz Inacio Lula da Silva, who outperformed Bolsonaro in 2022.

Bolsonaro witnessed before the country’s Supreme Court in June due to the alleged plot to stay in power after losing in the elections in 2022. Judges will hear from 26 defendants in the coming months. Legal analysts say the decision may come early in September. Polsonaro has already ruled that until 2030 by the country’s electoral authorities.

The Vice President of Brazil, Geraldo Alkain, said he sees “no reason” to the United States to raise definitions to the South American State.

He said, “I think it has been misled.” “The President was imprisoned for about two years. No one was interrogated. No one wondered what the country did. This is an issue of our judicial branch.”

For Trump, personal definitions

Trump also objected to the fines of the Brazilian Supreme Court for social media companies, saying that the temporary ban last year reached “secret and illegal control orders.” Trump said that he launches an investigation as a result under Article 301 of the 1974 Trade Law, which applies to companies with commercial practices that are unfair to American companies.

Among the companies that were fined in the Supreme Court xWhich was not mentioned specifically in Trump’s message. X is owned by Eileon Musk, a supporter of a millionaire in Trump in the 2024 elections that led Trump’s recent efficiency time and led to a general dispute over the US President’s budget plan. Trump also has a social media company, social truth.

The Brazilian message was a reminder that politics and personal relations with Trump are of any economic basics. Although Trump said that the high tariffs he determines are based on commercial imbalances, it was not clear through his actions on Wednesday how it will help countries aimed at recycling America.

The definitions that start on August 1 will be an enormous increase in the 10 % average rate imposed by Trump on Brazil as part of his announcement “Liberation Day” on April 2. In addition to oil, Brazil sells orange, coffee, iron and steel juice to the United States, among other products. The United States turned a $ 6.8 billion trade surplus with Brazil last year, according to the Statistical Office.

Trump initially announced his broad definition by announcing an economic emergency, which was discussed under the 1977 law that the United States was in danger due to continuous trade imbalances. But this logical basis becomes a problem in this particular situation, as Trump connects the customs tariff to the trial of Bolsonaro and the export of the United States to Brazil more than it imports.

Trump also targeted smaller commercial partners

Trump also sent Wednesday messages to the leaders of seven other countries. None of them – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – a major industrial competitor to the United States.

Most economic analyzes say that the customs tariff will increase the pressure of inflation and put them off from economic growth, but Trump used taxes as a way to confirm the US diplomatic and financial authority over both competitors and allies. His administration promised that the imports of imports will reduce trade imbalances, and to compensate for some of the costs of the tax discounts that he signed in the law on Friday and The factory functions are caused to return to the United States.

Trump, during a White House meeting with African leaders, talked about trade as a diplomatic tool. He said that “trade” seems to be a basis “for the settlement of conflicts between India and Pakistan, as well as Kosovo and Serbia.

“You will fight, comrades, we will not circulate,” Trump said. “It seems very successful in doing it.”

On Monday, Trump put a 35 % tariff on Serbia, one of the countries he used as an example of how to enhance trade to peace.

Trump said that the tariff rates in his messages were based on “sound sense” and commercial imbalances, although the Brazilian message indicates otherwise. Trump suggested that he did not think about punishing the countries whose leaders met with him in the Oval Office-Lebreia, Senegal, Jabon, Mauritania and Guinea-Bissau-because these are my friends now. ”

He said that the countries do not complain about the rates shown in his messages, although these definitions were generally close to that April 2 announced That shook the financial markets. The S& P 500 stock index rose on Wednesday.

“We did not have much complaints because I kept them on a very low number, very conservative,” Trump said.

Irrigation uncertainty is due to Trump’s messages

European Union officials, a major commercial partner and a source of Trump angered in the trade, said on Tuesday that they do not expect a letter of tariff tariff rates. The Republican President started an operation Announcing tariff rates on Monday By hitting two major partners in the United States, Japan and South Korea, with 25 % import taxes.

According to Trump’s messages on Wednesday, taxes will be imposed from Libya, Iraq, Algeria and Sri Lanka by 30 %, and that of Moldova and Brunei by 25 % and these Philippines by 20 %. Definitions will start on August 1.

The Statistics Office stated that last year that the United States made a commercial imbalance of goods of $ 1.4 billion with Algeria, $ 5.9 billion with Iraq, $ 900 million with Libya, $ 4.9 billion with the Philippines, $ 2.6 billion with Sri Lanka, $ 111 million with Brunei and 85 million dollars with Moldova. The defect represents the difference between what the United States issued to these countries and what it imported.

Combating, commercial imbalances with those seven countries are mainly an approximation of the American economy with a total GDP of $ 30 trillion.

The messages were published on Truth Social after the 90 -day negotiating period with a 10 % foundation tax. Trump gives countries more time to negotiate with the deadline on August 1, but he insisted that there will be no extensions for countries that receive messages.

Customs tariff messages are firmly formulated in Trump’s writing style. It frames the customs tariff as an invitation to “participate in the exceptional economy of the United States,” adding that commercial imbalances pose a “major threat” to the American economy and national security.

The president threatened an additional tariff for any country trying to take revenge. He said he chose to send messages because he was very complicated for US officials to negotiate with their counterparts in countries with new customs tariffs. It may take years for the commercial mediator.

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This report contributed to this report in Frankfurt, Germany and Eileen Nug in Kuala Labor, Malaysia, in this report, the authors of the Associated Press, harmful to Mauricio Savarerez in Rio de Janeiro, David Makho in Frankfurt, Germany, and Eileen Nug in Kuala Lampur, Malaysia, in this report.