Trump’s Brazil tariff ‘sets a scary precedent’ given the U.S. has a trade surplus with the country, economists say

Advanced ➔ Results Washington WatchTrump’s Brazil tariff ‘sets a scary precedent’ given the U

Has a trade surplus with the country, economists sayBut one former Trump official argues the U

President’s move against Brazil is similar to how he’s deployed tariffs against Mexico and the E

President Donald Trump with a Brazil national soccer team jersey at the White House

Photo: Getty ImagesEconomists have been expressing alarm over U

Trump said in a letter to Brazilian President Lula da Silva that the high import tax of 50% was due in part to Brazil’s treatment of its former president, Trump ally Jair Bolsonaro, who is facing a trial on coup charges

The Author Victor ReklaitisVictor Reklaitis is a Washington Correspondent for MarketWatch

During his time at MarketWatch, he also has served in roles in the London and New York newsrooms

Prior to joining MarketWatch, he worked at Investor’s Daily and for newspapers in Virginia

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