The slouch was slight compared to the market reaction to Trump’s initial “Liberation Day” announcement of “reciprocal” tariffs on April 2.

The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.

President Donald Trump announced a blanket 50% tariff on imports from Brazil, citing his anger over the country's treatment of its former president, Jair Bolsonaro. Trump's tariffs would be imposed using the International Emergency Economic Powers Act,

President Donald Trump has launched a fresh assault on global trading partners with Canada likely to be among the worst hit. In a letter sent to its northern neighbor late on Thursday, Trump said the U.

Donald Trump’s latest threat to impose a 50% levy on Brazil over its domestic political affairs shows the rest of the world that nothing is off limits. The US president linked the hike to the trial of former Brazilian President Jair Bolsonaro — a right-wing populist — over an alleged coup attempt in 2022,

It’s almost as if tariffs are the new sanctions. Consider Trump’s announcement Wednesday that Brazil will face 50 percent tariffs. He made that threat in part because he’s upset about how the current Brazilian government is treating former Brazilian President JAIR BOLSONARO,