White House of Economic House of Economists at the House of Economists, Stephen Miran, explains the reason for not causing definitions to rise in inflation on “Varney & Co.”
President Donald Trump A 50 % tariff was announced on all Brazilian imports, separate from the definitions of the sector, which begins on August 1.
In a letter to Brazilian President Luise Inosio Lula da Silva, who actually posted on his social account, Trump was martyred in the “unfair” commercial relationship in the United States with the United States, her treatment of former President Gere Bolsonaro, and her attacks on free elections and violations of American freedom of expression rights as reasons for clinging.
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“Because of a part of it Brazilian malware attacks In free elections, the basic rights of the Americans ’basic expression … starting from August 1, 2025, we will impose fees on Brazil 50 % tariff on any and all Brazilian products sent to the United States, separate from all sectoral tariffs. “
US President Donald Trump speaks to journalists on the first air force after leaving the joint base, Andrews, Maryland, on his way to Pedmaster, New Jersey on July 4, 2025. (Brendan Smialowski / AFP via Getty Images / Getty Images)
In the letter to Lula Brazilian, Trump added that the two countries had years to discuss their commercial relationship, which he described as “far from mutual.” The American president also described the way Brazil dealt Former Brazilian President Polsonaro As an “international shame”.
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“I knew and dealt with former President Geer Bolsonaro, and I had a great luck, as did most of the other leaders of the countries,” Trump said. “This experience should not occur. It is a charming chase that must end immediately!”
Trump concluded the message by warning Lula that if revenge by lifting the customs tariff, any retaliatory tariff will be added to the 50 % tariff that the United States receives. The US president also said that he is making an investigation into Brazil Trading practices.
Brazilian President Louise Insio Lula da Silva speaks at a press conference at the BRICS Summit in Rio de Janeiro, Brazil, on July 7, 2025. (Pablo Porciuncula/AFP via Getty Images)
He said: “In addition, because Brazil’s attacks on American companies ‘digital trade activities, as well as other unfair trading practices, I am directing the United States’ commercial representative, Jameson Jarir to start the investigation immediately in section 301 of Brazil.”
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Earlier on Wednesday, Trump announced higher tariff rates on six countries in a group of social media. The last round of Trump’s commercial ads included Libya, Iraq, Algeria, Moldova and Brunei and The Philippines.
Brazilian President Jayer Bolsonaro speaks during the ceremony to unveil a new national identifiers and passports at Planto Palace on June 27, 2022 in Brazilia, Brazil. (Andressa Anholete / Getty Images / Getty Images)
The Philippine has been shipped with a 20 % tariff rate. Buronai and Moldova were 25 %, while Trump imposed 30 % rates on Algeria, Iraq and Libya.
Trump has published pictures of the messages of each country regarding the new tariff rates on his social platform. Definitions will start on August 1.
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The ads came after Trump recently said that if 14 countries have not reached a trade agreement with the United States by the beginning of next month, they will return to the levels specified in April.
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