Trump Threatens Brazil With 50% Tariff
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Brazil believes it can withstand Trump’s 50 percent tariff, and aides to Lula say he is unlikely to shrink from a confrontation with the White House.
The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.
Trump said, China doesn’t "have a lot of wind farms. … Very, very few." China has a lot of wind farms, ranking No. 1 globally and almost tripling what the U.S. has. China is also planning or building more wind farm capacity than any other country.
Authorities from Brazil and China signed this week an agreement to start the studies for the construction of a railway connecting the Atlantic and Pacific Oceans, which would bring South America's largest country closer to the Asian giant trade-wise.
US President Donald Trump’s unexpected move to threaten a 50 percent tariff on Brazil risks roiling global commodity markets, disrupting trade on everything from beef to coffee.
Proposal would connect Brazil’s Atlantic Ocean coast to Peru’s Pacific port of Chancay, cutting shipping times to Asia by up to 12 days.
China’s new travel policy took effect, granting citizens from Argentina, Brazil, Chile, Peru, and Uruguay visa-free entry for up to thirty days. Chinese state-backed firms are negotiating
The project will be carried out by Infra S.A., a state-owned company under Brazil’s Ministry of Transport, and the China Railway Economic and Planning Research Institute.
5don MSN
Xi Jinping skips BRICS Summit for the first time amid speculation of political turbulence in China and divisions between member nations over trade and strategic interests
China's BYD is poised to start assembling electric vehicles at a new factory in Brazil as early as this month, a top executive said, reducing imports as tariffs start to rise in its largest foreign market.