Brazil’s Lula hits back at Trump tariff threat
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Brazil's Finance Ministry announced that they are not contemplating controlling dividends in response to the U.S.'s 50% tariff on Brazilian goods, even if negotiations do not progress. Finance Minister Fernando Haddad confirmed this stance,
Authorities in Brazil, worried that the former far right president is a flight risk, are imposing new restrictions on his movements. The tough surveillance moves come as President Trump continues to voice strong support for the ex-leader who is facing charges of plotting a coup to stay in power.
Brazil is actively working to avert the implementation of 50% tariffs on its products by the United States, set to take effect on August 1 as announced by President Donald Trump. Vice President Geraldo Alckmin,
Brazil's Supreme Court has ordered search and restraining actions against ex-President Jair Bolsonaro, barring his contact with foreign officials due to claims of soliciting U.S. President Trump's interference.
The U.S. has opened a formal investigation into Brazils trade practices, escalating tensions after President Donald Trump threatened to impose a 50% tariff on Brazilian imports starting August 1. U.S.