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. Published: July 10, 2025 at 4:31 p.
ETResizeListen(6 min)Former Brazilian President Jair Bolsonaro is shown in 2019 presenting U. President Donald Trump with a Brazil national soccer team jersey at the White House.
Photo: Getty ImagesEconomists have been expressing alarm over U. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug.
1 — the largest country-specific levy out of the 22 that Trump has rolled out this week.
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. Show Conversation (0)Back To TopCopyright © 2025 MarketWatch, Inc. All rights reserved.
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