The Trump administration says it has launched an investigation into Brazil’s “unfair” buying and selling practices.
It’s going to embrace the Brazilian authorities’s insurance policies “associated to digital commerce and digital fee providers; unfair, preferential tariffs; anti-corruption interference”, a press release from the US Commerce Consultant stated.
The investigation seeks to find out whether or not they’re “unreasonable or discriminatory and burden or prohibit US commerce.”
Final week, US President Donald Trump urged Brazilian authorities to finish their prosecution of the nation’s former President Jair Bolsonaro, accusing them of finishing up a “WITCH HUNT”.
Commerce Ambassador Jamieson Greer stated that the probe was being launched at Trump’s route “into Brazil’s assaults on American social media corporations in addition to different unfair buying and selling practices that hurt American corporations, employees, farmers, and expertise innovators”.
Trump first flagged the investigation in a letter to Brazil’s president, Luiz Inácio Lula da Silva, final week.
In the identical letter, Trump introduced a 50% tariff on Brazil beginning on 1 August. Lula stated in response that Brazil would match any improve in tariffs.
Final yr, commerce between the 2 international locations was price $90bn.
Washington reported a commerce surplus with Brazil of $7.4bn in 2024, a 33% p.c improve on the earlier yr.
