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International Business Times
International Business Times
Business

REVEALED: How might trump s tariffs hurt brazil | Rare Historical Photos

Brazilian President Luiz Inacio Lula da Silva is mulling 'reciprocal' measures if Trump institutes steep tariffs (Credit: AFP)

With Donald Trump's punitive tariffs against Brazil poised to take effect within days, Latin America's largest economy is bracing for a virtual embargo on its planes, grains, and crude oil.

The mercurial US president has penciled in 50 percent tariffs on Brazilian goods starting August 1, swatting aside centuries-old ties and a US trade surplus which Brasilia put at $284 million in 2024.

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