Brazil, Trump
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Brazil's Supreme Court issued search warrants and restraining orders against the former Brazilian president, banning him from contacting foreign officials over allegations he had courted the interference of Trump.
While some evidence shows tariffs are pushing up prices for consumers, the economy appears to be mostly healthy.
Police in Brazil swooped on the home and political headquarters of Jair Bolsonaro early Friday, searching the properties, ordering the former president to wear an electronic ankle tag, barring him from speaking to foreign officials or approaching embassies and prohibiting him from using social media.
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Money Talks News on MSNTrade War Alert: Brazil Promises Tariff Retaliation That Could Cost American JobsPresident Trump's planned 50% tariffs on Brazilian imports starting August 1 could significantly increase your household expenses. In addition, Brazilian President Lula promises matching retaliation that may hurt American workers and businesses.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
Brazil’s Supreme Court ordered Jair Bolsonaro, the former president, to stay home most hours, defying President Trump’s demands that charges against him be dropped.