Brazil, Donald Trump and Jair Bolsonaro
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President Donald Trump announced Wednesday he planned to hit Brazil with a 50% tariff, in part due to the treatment of its former president and his political ally, Jair Bolsonaro.In a letter posted to Trump's Truth social media network,
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Regtechtimes on MSN🚨 Real rigged? Brazil probes insider leak tied to Trump tariffs and Bolsonaro circleA sudden drop in the Brazilian real just before the announcement of steep U.S. tariffs has triggered a high-profile investigation in Brazil. Authorities are now trying to find out whether anyone used inside information to profit illegally from the currency markets ahead of the news.
Trump announced a 50 percent tariff on all Brazilian goods, escalating a feud over Brazil’s prosecution of former president Jair Bolsonaro. Brazil vowed to retaliate.