Donald Trump announced a 50% tariff for Brazilian imports

US President Donald Trump announced the introduction of a 50% tariff for Brazilian imports, which increased tension after a week of diplomatic friction. The new tariff will begin to operate on August 1.

About this Trump reported through his social networks in an official letter to President Brazil Luis Inasiu Lule da Silver.

In a letter, Trump accused Brazil of “unfair trade practices” and criticized the Supreme Court of Brazil for the attitude towards former President Zhair Bolsonar, who is now in court for incitement to the anti -democratic coup.

This event led to the assault on the Presidential Palace of Planalt in Brazilia on January 8, 2025.

The tension between the countries intensified at the beginning of the week after Trump supported Bolsonaru and criticized the BRICS summit.

He warned that the countries that support the “anti -American policy of the BRICS” would face an additional 10% tariff.

This step was taken against the backdrop of the already increased market sensitivity after the publication of the Fed protocols. They showed that most of the officials of the federal reserve advocate reducing bets in 2025, some are ready to soften on July 30.

Soon after the news about the tariffs for Brazilian import, Bitcoin rolled away from his new historical maximum of $ 112,000, decreasing to about $ 110,800.

The cryptocurrency market, previously inspired by hopes for reducing the rate of the Fed, became more careful due to the resumed global trade tension.

History continues to develop.

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Source: Cryptocurrency

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