Jul. 31 at 5:03 AM
President Donald Trump signed an executive order on Wednesday imposing a 40% tariff on Brazilian exports, bringing the country's total tariff amount to 50%, setting a legal rationale that Brazil's policies & criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law.
Some of Brazil's major exports, however, were exempted from the tax.
US has a net trade surplus of +6.7B (goods trade surplus of +
$6.3B, a services surplus of +2.6B, & Income deficit of -
$2.2B)
$EWZ -
$JO $VALE $CANE -
$SPY