Brazil, Trump and tariffs
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Brazil has yet to hear a response from Washington about an offer it made in trade talks two months ago, Vice President Geraldo Alckmin said on Monday, after U.S. President Donald Trump slapped much higher tariffs on Brazil last week.
National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News' "This Week."
Every major economy that is not the United States or China, which has a disproportionate share of HPC national labs as well as hyperscaler and cloud
Kevin Hassett, a top economic advisor to President Trump, was out defending the administration's threat of a 50% tariff on imports from Brazil. The U.S. has a trade surplus with Brazil, in contrast to
Brazil's finance ministry raised its forecast for economic growth this year, while projecting a slight slowdown in 2026 in face of the central bank's tight monetary policy, a report showed on Friday.
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While the central bank is trying to cool down economic activity, the government continues to implement demand-stimulating measures as elections loom.
The 50% tariffs proposed by Donald Trump could cut Brazil's gross domestic product by between 0.3 and 0.8 percentage points in 2025, according to Brazilian economists and consulting firms.
8hon MSNOpinion
A stronger U.S.–Brazil partnership defends U.S. interests and counters rising Chinese influence in Latin America | Opinion