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International Business Times
International Business Times
Business

How Might Trump's Tariffs Hurt Brazil?

Donald Trump Brazil Luiz Inacio Lula da Silva Oil Jair Bolsonaro Economy Latin America United States
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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