In a bold move, former President Donald Trump has launched a formal investigation into Brazil's trade practices, alleging that they unjustly hinder U.S. businesses.
Trump Initiates Investigation into Brazil's Trade Practices
Trump Initiates Investigation into Brazil's Trade Practices
The former president claims Brazil's policies are damaging to U.S. commerce.
In a recent announcement, the Trump administration declared a probe into what it describes as Brazil's "unfair" trade practices, which are said to affect various sectors, including digital commerce. The investigation will assess Brazilian government policies regarding digital trade, electronic payment services, preferential tariffs, and any anti-corruption measures perceived as interference, as stated by the U.S. Trade Representative. The focus will be on determining if these practices are discriminatory, imposing undue burdens on American commerce.
Last week, Trump made headlines by calling on Brazilian authorities to cease their legal actions against former President Jair Bolsonaro, labeling them a "WITCH HUNT." Trade Ambassador Jamieson Greer indicated that the investigation was initiated at Trump's direction, particularly targeting Brazil's actions against American social media firms, among other trade issues damaging to U.S. companies, workers, and innovators in technology.
This inquiry follows a letter Trump sent to Brazilian President Luiz Inácio Lula da Silva, wherein he also announced a steep 50% tariff on Brazilian goods set to take effect on August 1. Lula responded assertively, stating that Brazil would retaliate against any tariff increases. Trade between the U.S. and Brazil amounted to roughly $90 billion last year, with American exports to Brazil dominating this dynamic. As this story develops, more updates will follow.
Last week, Trump made headlines by calling on Brazilian authorities to cease their legal actions against former President Jair Bolsonaro, labeling them a "WITCH HUNT." Trade Ambassador Jamieson Greer indicated that the investigation was initiated at Trump's direction, particularly targeting Brazil's actions against American social media firms, among other trade issues damaging to U.S. companies, workers, and innovators in technology.
This inquiry follows a letter Trump sent to Brazilian President Luiz Inácio Lula da Silva, wherein he also announced a steep 50% tariff on Brazilian goods set to take effect on August 1. Lula responded assertively, stating that Brazil would retaliate against any tariff increases. Trade between the U.S. and Brazil amounted to roughly $90 billion last year, with American exports to Brazil dominating this dynamic. As this story develops, more updates will follow.
