Brazil's Ministry of Agriculture and Livestock (Mapa) has been entrusted with seeking new markets to replace placements that may be affected by US President Donald Trump's 50% tariffs, in a move to minimize the measure's impact, Minister Carlos Fávaro confirmed Thursday.
Former Brazilian President Jair Bolsonaro expressed his respect and admiration for the United States Government after Wednesday's announcement that all Brazilian exports would be slapped with a 50% tariff. The retired Army captain insisted that he took the news with a sense of responsibility.
American Economist Paul Krugman, a New Keynesian expert who once received the Nobel Prize, has been heavily critical of President Donald Trump, saying that the Republican leader was “evil and megalomaniacal” after the 50% tariffs imposed on all Brazilian products and insisted the measure reverberated in his own country.
US President Donald Trump on Wednesday sent a letter to his Brazilian colleague Luiz Inácio Lula da Silva announcing a 50% tariff on all products from the South American country and criticizing the judiciary's procedures against former President Jair Bolsonaro. The tariffs will take effect on August 1, Trump noted.
Brazilian President Luiz Inácio Lula da Silva did not remain silent after Wednesday's letter from his US colleague Donald Trump and published an open reply on X, both in Portuguese and in English:
US President Donald Trump on Tuesday announced a 50% tariff on copper imports and stated he was considering a 200% tariff on pharmaceutical products if manufacturers do not move their operations to the United States. These announcements were made during a cabinet meeting, though no official executive order has yet been published on the White House website.
Israeli Prime Minister Benjamin Netanyahu met Monday with US President Donald Trump at the White House, expressing optimism for peace in Gaza and a nuclear deal with Iran. It was Netanyahu's third visit since the Republican leader returned to power on Jan. 20.
Devastating flash floods in central Texas, particularly in Kerr County, have resulted in at least 81 deaths and more than 41 people still missing as of Sunday. The Guadalupe River surged dramatically, rising to the height of a two-story building in a short period, catching many off guard. Travis County, which includes the State's capital, Austin, has confirmed at least six deaths.
US President Donald Trump announced this week that a new migrant detention center in the Florida Everglades, nicknamed “Alligator Alcatraz,” could become the new standard for immigration facilities. The center, located in an isolated, alligator-filled swamp, is designed to deter escapes, with Trump jokingly referring to the reptiles as “bodyguards” and “police” that need no wages.
Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wall Street, 3% locally) and a 2% drop in the Merval index.