Trump Targets Brazil and Six Nations with Tariff Blitz, Citing Trade Imbalance and Bolsonaro Trial

In an expansion of his global trade agenda, U.S. President Donald Trump has made a threat of a new round of tariffs on Brazil and six other countries based on trade deficits and political grievances. The most extreme measure is a 50% tariff on all imports from Brazil, effective August 1, which Trump linked to the prosecution of former President Jair Bolsonaro. Trump branded the trial a "witch hunt" and accused Brazil's judiciary of an abuse of free speech and American digital interests.

At the same time, Trump sent diplomatic letters to Brunei, Moldova, the Philippines, Libya, Iraq, and Algeria, imposing tariffs of between 20% and 30%. The Philippines will be imposed a 20% fee, while Brunei and Moldova will pay 25%. Libya, Iraq, and Algeria will see 30% duties imposed on their imports to America. Trump warned that retaliatory tariffs would result in further hikes.

These moves follow the expiration of a 90-day negotiating period and are part of Trump's overall policy of "reciprocal tariffs" to correct what he describes as "non-reciprocal trade relations." While economists warn of inflationary risks and global market volatility, Trump states that the tariffs will be fair and will prompt foreign companies to bring manufacturing to America.

Brazilian President Luiz Inácio Lula da Silva responded defiantly, asserting national sovereignty and declining outside intervention. The diplomatic crisis points to rising tensions between the U.S. and BRICS nations, and Trump also warning of additional tariffs against India and the EU.