President Trump on Wednesday signed an executive order raising tariffs on imports from Brazil to 50 percent, escalating his fight with the largest South American economy.
The order Trump signed declares a national emergency under a 1977 law he has used to justify his imposition of sweeping tariffs since taking office in January. It increases the existing 10 percent tariff on Brazil to 50 percent, citing Brazil’s “unusual and extraordinary policies and actions harming U.S. companies, the free speech rights of U.S. persons, U.S. foreign policy, and the U.S. economy.”
Except that is one steaming pile of lies. The US has a trade surplus with Brazil. The only thing that Brazil is doing is prosecuting Trump's best buddy, Jair Bolsonaro, for trying to do what Trump also tried to do: Stage a violent coup to overturn a free and fair election.
President da Silva has more guts and drive than did Joe Biden and Merrick Garland, in that da Silva is vigorously going after the head of the coup attempt. Here, well, we all know how they dithered and stumbled and fiddle-fucked around.
And just to make matters worse; https://www.dailykos.com/stories/2025/8/1/2336254/-Thanks-Trump-Stock-market-tanks-amid-new-tariffs-and-crappy-jobs-report?pm_campaign=front_page&pm_source=top_news_slot_1&pm_medium=web
ReplyDeleteT****'s throwing high octane on the fire to put it out.