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Benzinga
Benzinga
Business
Namrata Sen

Trump Slaps Brazil With 50% Tariff In Bolsonaro Spat — Economists Say It 'Sets A Scary Precedent' As Trade Surplus Ignored

Trump Brazil United States
Brazil,Flag,With,Stock,Market,Finance,,Economy,Trend,Graph,Digital

President Donald Trump‘s decision to impose a 50% tariff on Brazil has raised concerns among economists, who fear the move sets a troubling precedent.

What Happened: Economists are raising alarms over Trump’s plan to implement a 50% tariff on Brazil starting August 1 — the highest country-specific tariff among the 22 announced this week, reported MarketWatch.

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