In a bold response to Trump's threat of imposing a 50% tariff on Brazilian goods, President Lula declares Brazil's sovereignty and readiness to retaliate. This escalating trade conflict could reshape US-Brazil relations amidst political tensions.
U.S. stock futures indicate losses as Trump's new tariffs on Brazilian goods challenge Nvidia's record rally. Analysts discuss the implications for the market's future.
In a surprising escalation, Trump announced a 50% tax on Brazilian goods, accusing the nation of attacking US tech firms and interfering in Bolsonaro's legal troubles. This move marks a significant shift in US-Brazil trade relations.
