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    Home»Business»Trump announces 50% tariff on all Brazilian imports starting in August
    Business

    Trump announces 50% tariff on all Brazilian imports starting in August

    Justin M. LarsonBy Justin M. LarsonJuly 9, 2025No Comments3 Mins Read
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    White House Council of Economic Advisors Chair Stephen Miran explains why tariffs are not causing a spike in inflation on ‘Varney & Co.’

    President Donald Trump has declared a 50% tariff on all Brazilian imports, separate from sector-specific tariffs, beginning on Aug. 1.

    In a letter to Brazilian President Luiz Inácio Lula da Silva that he posted on his Truth Social account on Wednesday, Trump cited the South American country’s “unfair” trade relationship with the U.S., its treatment of former President Jair Bolsonaro, its attacks on free elections and violations of Americans’ free speech rights as reasons for the tariffs.

    WALL STREET SHRUGS OFF TRUMP’S FRESH TRADE WAR RHETORIC, INVESTORS HOLDING FIRM

    “Due in part to Brazil’s insidious attacks on free elections, and the fundamental free speech rights of Americans … starting on August 1, 2025, we will charge Brazil a tariff of 50% on any and all Brazilian products sent into the United States, separate from all sectoral tariffs,” Trump wrote in the letter. “Goods transshipped to evade this 50% Tariff will be subject to that higher Tariff.”

    US-POLITICS-TRUMP-DEPARTURE

    US President Donald Trump speaks to journalists aboard Air Force One after departing Joint Base Andrews, Maryland on his way to Bedminster, New Jersey on July 4, 2025.  (BRENDAN SMIALOWSKI/AFP via Getty Images / Getty Images)

    In the letter to Brazil’s Lula, Trump added that the two countries have had years to discuss their trading relationship, which he described as being “far from reciprocal.” The U.S. president also described the way Brazil has treated former Brazilian President Bolsonaro as an “international disgrace.”

    COPPER PRICES HIT RECORD HIGH AFTER TRUMP ANNOUNCES 50% IMPORT TARIFF

    “I knew and dealt with former President Jair Bolsonaro, and respected him greatly, as did most other leaders of countries,” Trump said. “This trial should not be taking place. It is a witch hunt that should end IMMEDIATELY!”

    Trump wrapped up the letter by warning Lula that if he decides to retaliate by raising tariffs, any retaliatory tariff increases will be added onto the 50% tariff the U.S. is charging. The U.S. president also said he was launching an investigation into Brazil’s trading practices.

    Lula da Silva

    Brazil’s President Luiz Inacio Lula da Silva speaks during a press conference at the BRICS summit in Rio de Janeiro, Brazil, on July 7, 2025.  (PABLO PORCIUNCULA/AFP via Getty Images)

    “Additionally, because of Brazil’s continued attacks on the digital trade activities of American companies, as well as other unfair trading practices, I am directing United States Trade Representative Jamieson Greer to immediately initiate a Section 301 Investigation of Brazil,” he said. 

    TRUMP TEASES ANNOUNCEMENTS ON TRADE NEGOTIATIONS WITH SEVEN COUNTRIES

    Earlier Wednesday, Trump announced higher tariff rates on six countries in a flurry of social media posts. The latest round of Trump’s trade announcements included Libya, Iraq, Algeria, Moldova, Brunei and the Philippines.

    President of Brazil President Jair Bolsonaro.

    President of Brazil Jair Bolsonaro speaks during the ceremony to unveil a project for new national IDs and passports at Planalto Palace on June 27, 2022 in Brasilia, Brazil. (Andressa Anholete/Getty Images / Getty Images)

    The Philippines was charged the lowest tariff rate of 20%. Brunei and Moldova were each hit with rates of 25%, while Trump imposed rates of 30% on Algeria, Iraq and Libya.

    Trump posted images of the letters to each country regarding the new tariff rates on his Truth Social platform. The tariffs would start on Aug. 1.

    CLICK HERE TO GET FOX BUSINESS ON THE GO

    The announcements came after Trump recently said that if 14 countries do not strike a trade deal with the U.S. by the beginning of next month, they will revert to levels set in April.



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