Source: Axios
“The Trump administration said Wednesday it will impose an additional 25% tariff on [American buyers of] many Brazilian goods, escalating a trade fight it says is rooted in Brazil’s treatment of U.S. companies. The new policy includes exemptions for key consumer staples like coffee and beef, suggesting the White House is trying to minimize the inflationary impact on American shoppers even as it steps up pressure on Brazil over disputes involving U.S. tech firms, ethanol and more. A senior administration official says the tariffs are in response to Brazil’s unfair barriers against U.S. technology and payment companies.” (07/16/26)