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Benzinga
Benzinga
Business
Namrata Sen

Marco Rubio Says President Lula 'Put His Ego Ahead of Making a Deal' as Trump Slaps Brazil With 25% Tariffs

Donald Trump Marco Rubio Brazil Luiz Inacio Lula da Silva United States the Trump Administration Flavio Bolsonaro EUA
Brazil,Flag,Waving,Against,Clean,Blue,Sky,,Close,Up,,Isolated

The Trump Administration announced a 25% tariff on most Brazilian imports late Wednesday, effective July 22.

The U.S. has invoked Section 301 of the Trade Act of 1974, targeting certain Brazilian practices, which include directives to American tech giants like Elon Musk‘s X, Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) to remove specific political content and suspend accounts of U.S. residents.

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