Trump Brazil’s slaps by 50 % tariffs, citing Bolsonaro, “Hunt”, the national trial – star-news.press/wp

US President Donald Trump Brazil was allocated for imports 50 percent on Wednesday to his treatment of its former president, Gere Bolsonaro, indicating that personal grudges instead of the simple economy were leading the US leader’s use of import taxes.

Trump has avoided his record speech with Brazil, specifically linking his definitions to the trial of Bolsonaro, who was charged with trying to lose in the elections for 2022. Trump described Bolsonaro as a friend and hosted the former Brazilian president in his resort in Mar Lago when both were in power in 2020.

Trump wrote in the letter published on the social truth: “This trial should not occur.” “It is a charming chase that must end immediately!”

Trump also objected to the fines of the Brazilian Supreme Court for social media companies such as X, saying that the temporary ban last year was “secret and illegal control orders.”

Trump said that he launches an investigation as a result under Article 301 of the 1974 Trade Law, which applies to companies with commercial practices that are unfair to American companies.

The Brazilian message was a reminder that politics and personal relations with Trump are of any economic basics. Although Trump said that the high tariffs he determines are based on commercial imbalances, it was not clear through his actions on Wednesday how it will help countries aimed at recycling America.

Trump also sent Wednesday messages to the leaders of seven other countries. None of them – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – a major industrial competitor to the United States.

Most economic analyzes say that the customs tariff will increase the pressure of inflation and put them off from economic growth, but Trump used taxes as a way to confirm the US diplomatic and financial authority over both competitors and allies. His administration promised that imports on imports will reduce trade imbalances, and compensate for some cost of tax cuts that he signed on Friday and causes the factory jobs to return to the United States.

Trump, during a White House meeting with African leaders, talked about trade as a diplomatic tool. He said that “trade” seems to be a basis “for the settlement of conflicts between India and Pakistan, as well as Kosovo and Serbia.

“You will fight, comrades, we will not circulate,” Trump said. “It seems very successful in doing it.”

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On Monday, Trump put a 35 percent tariff on Serbia, one of the countries he used as an example of how to enhance trade to peace.

Trump said that the tariff rates in his messages were based on “sound sense” and commercial imbalances, although the Brazilian message indicates otherwise. Trump suggested that he did not think about punishing the countries whose leaders met with him in the Oval Office-Lebreia, Senegal, Jabon, Mauritania and Guinea-Bissau-because these are my friends now. “

He said that the two countries do not complain about the rates shown in his messages, although this customs tariff is close to those announced on April 2 that rocked the financial markets. The S& P 500 index rose slightly in trading on Wednesday afternoon.

“We did not have much complaints because I kept them on a very low number, very conservative,” Trump said.

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Brazil Gear Bolsonaro has been charged with the alleged coup attempt 2022

European Union officials, a major commercial partner and a source of Trump angered in the trade, said on Tuesday that they do not expect a letter of tariff tariff rates. The Republican President started the process of announcing the tariff rates on Monday by hitting a major commercial partner in the United States, Japan and South Korea, with import taxes of 25 percent.

According to Trump’s messages, taxes on imports from Libya, Iraq, Algeria and Sri Lanka will be imposed by 30 percent, those from Moldova and Brunei by 25 percent and these Philippines by 20 percent. Definitions will start on August 1.

The Statistics Office stated that last year that the United States made a commercial imbalance of goods of $ 1.4 billion with Algeria, $ 5.9 billion with Iraq, $ 900 million with Libya, $ 4.9 billion with the Philippines, $ 2.6 billion with Sri Lanka, $ 111 million with Brunei and 85 million dollars with Moldova. The defect represents the difference between what the United States issued to these countries and what it imported.

Combating, commercial imbalances with those seven countries are mainly an approximation of the American economy with a total GDP of $ 30 trillion.

The messages were published on Truth Social after the 90 -day negotiating period ended with a 10 % basic tax. Trump gives countries more time to negotiate with the deadline on August 1, but he insisted that there will be no extensions for countries that receive messages.

“The European Union had succeeded in providing the increasing definitions in the messages that Trump sent and that the extension of the talks until August 1 will provide” additional space to reach a satisfactory conclusion. “

On April 2, Trump suggested a 20 percent tariff for the European Union commodities and then threatened to raise this to 50 percent after negotiations did not move at the speed he wanted, only to return to the foundation line by 10 percent. The European Union has 27 member states, including France, Germany, Italy and Spain.

Customs tariff messages are firmly formulated in Trump’s writing style. It frames the customs tariff as an invitation to “participate in the exceptional economy of the United States,” adding that commercial imbalances pose a “major threat” to the American economy and national security.

The president threatened an additional tariff for any country trying to take revenge. He said he chose to send messages because he was very complicated for US officials to negotiate with their counterparts in countries with new customs tariffs. It may take years for the commercial mediator.

Japanese Prime Minister Shigro Eshiba explained the deadline on August 1 as a delay to provide more time for negotiations, although he warned in notes that the definitions would harm local industries in his nation and operation.

The Minister of Trade in Malaysia, Zrol Aziz, said on Wednesday that his country will not meet all American requests after it had put a 25 percent tariff on its goods. Aziz said that US officials are looking for changes in government purchases, halal certificate, medical standards and digital taxes. Aziz indicated that these were red lines.

Foreign Minister Marco Rubio is scheduled to arrive on Thursday in Kuala Lumpur capital in Malaysia.