US President Donald Trump has announced a 50% tariff on Brazilian imports, escalating tensions after a week of diplomatic strain. The new tariff will take effect on August 1. The announcement came through Trump’s social media channels in a formal letter addressed to Brazilian President Luiz Inácio Lula da Silva. In the letter, Trump cited “unfair trade practices” by Brazil and criticized the Brazilian Supreme Court’s handling of former President Jair Bolsonaro
source: https://beincrypto.com/trump-surprising-brazil-tariff-crypto-pullback/