US Launches Trade Investigation Against Brazil
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Trump launches investigation into Brazilian digital trade practices in on-going battle with Brazil over the dollar's hegemony
Nobel Prize-winning economist Paul Krugman believes tariffs President Trump has threatened to impose on countries, including Mexico and Brazil, are here to stay and will cost U.S. consumers.
Money managers from Aberdeen Group Plc to Franklin Templeton are staying bullish on Brazil, betting the country will withstand its unexpected turn in the epicenter of Donald Trump’s trade war. One reason: The fairly closed Brazilian economy,
Facing growing chaos, the European Union and numerous other countries are seeking to forge a global trading nexus that is less vulnerable to American tariffs.
"It’s all going to be the same for everyone," the president told reporters of the U.S. duty those countries will face.
1don MSN
Tensions escalate between the US and Brazil as Donald Trump launched a Section 301 trade investigation into Brazil’s alleged unfair practices, just days after announcing a massive 50% tariff on Brazilian goods.
Right-wing Brazilians wanted sanctions against the judge prosecuting Brazil’s former president. President Trump opted for something far bigger — tariffs.