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Trump hits Brazil with 50% tariff, orders unfair trade practices probe
US President Donald Trump turned his trade ire against Brazil on Wednesday (Jul 9), threatening Latin America's largest economy with a punitive 50 per cent tariff on exports to the US and ordering an unfair trade practices investigation that could lead to even higher tariffs. Trump set the Aug 1 tariff rate - far higher than the 10 per cent duty imposed on Brazil on Apr 2 - in a tariff letter to Brazilian President Luiz Inacio Lula da Silva, that vented anger over what he called the "Witch Hunt" trial of Lula's right-wing predecessor, Jair Bolsonaro. Criticising what he said were Brazil's attacks on free elections ... (full story)
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From finance.yahoo.com|Jul 9, 2025The U.S. dollar slipped further from a two-week high versus major peers on Thursday, as President Donald Trump's latest tariff salvos failed to shake markets, except in Brazil ...
From livemint.com|Jul 9, 2025Australia's central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing ...
From @realDonaldTrump|Jul 9, 2025|15 comments
I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many. Copper is the second most used material by the Department of Defense! Why did our foolish (and SLEEPY!) “Leaders” decimate this important Industry? This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity. America will, once again, build a DOMINANT Copper Industry. THIS IS, AFTER ALL, OUR GOLDEN AGE!
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