Trump Considers 50% Tariff on Brazilian Goods Citing National Security Threat Under IEEPA
2025-07-13 13:37:26
Main Idea
The White House is considering a 50% tariff on Brazilian imports, citing national security concerns and President Trump's dissatisfaction with Brazil's trade conduct.
Key Points
1. White House Economic Advisor Kevin Hassett discussed the possibility of a 50% tariff on Brazilian imports.
2. The tariff consideration is linked to President Trump's dissatisfaction with Brazil's recent trade conduct.
3. National security concerns are cited as a reason for the potential tariff.
4. The International Emergency Economic Powers Act (IEEPA) is mentioned as the legal basis for the President's authority over U.S.-Brazil trade relations.
Description
On July 13, White House Economic Advisor Kevin Hassett addressed the possibility of implementing a 50% tariff on Brazilian imports, highlighting President Trump’s dissatisfaction with Brazil’s recent trade conduct. Hassett
Latest News
- Ether Staking ETF Approval Could Potentially Trigger Significant Rally, Says EMJ Capital Founder2025-07-14 06:42:16
- El Salvador’s Bitcoin Reserves Suggest Potential Long-Term Value for Sovereign Strategies2025-07-14 06:41:59
- BIP-119 Could Potentially Enhance Bitcoin Layer-2 Solutions and Self-Custody Security by Year-End2025-07-14 06:28:56
- Trump’s 30% EU Tariff Announcement Triggers Muted Market Reaction, Says Danske Bank Analyst2025-07-14 06:28:40
- Ethereum Nears Potential $3,500 Breakout Amid ETF Inflows and Declining Supply2025-07-14 06:28:26