Trump's Brazil Fight To Save 'Trump'
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Trump targets Brazil with a 50% tariff
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Sovereign equality and non-interference in other countries' internal affairs are important principles of UN charter and basic norms in international relations,’ says Foreign Ministry spokeswoman - Ana
U.S. President Donald Trump said he plans to impose 50% tariffs on all products from Brazil starting August 1, which could have a sharp impact on South America's agricultural powerhouse.
Authorities from Brazil and China signed this week an agreement to start the studies for the construction of a railway connecting the Atlantic and Pacific Oceans, which would bring South America's largest country closer to the Asian giant trade-wise.
China’s new travel policy took effect, granting citizens from Argentina, Brazil, Chile, Peru, and Uruguay visa-free entry for up to thirty days. Chinese state-backed firms are negotiating
Brazil's government minimizes the projected impact on economic growth from the 50% US tariff threat. While oil remains exempt, other industries like aerospace may feel the pinch. President Lula seeks negotiation with Trump,
China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market.
VLCCs are cashing in on a “significant increase” in Brazilian crude oil exports to China, according to Greek chartering platform Signal Ocean.
Proposal would connect Brazil’s Atlantic Ocean coast to Peru’s Pacific port of Chancay, cutting shipping times to Asia by up to 12 days.
China and Brazil signed a memorandum of understanding to study a transcontinental railroad connecting Peru's Pacific coast with Brazil's Atlantic coast, as part of a strategic export route, Brazil's Ministry of Transport said on Tuesday.
The project will be carried out by Infra S.A., a state-owned company under Brazil’s Ministry of Transport, and the China Railway Economic and Planning Research Institute.
Money managers from Aberdeen Group Plc to Franklin Templeton are staying bullish on Brazil, betting the country will withstand its unexpected turn in the epicenter of Donald Trump’s trade war. One reason: The fairly closed Brazilian economy,