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Brazilian President Vows to Counter Trump's 50% Tariff

Brazilian President Vows to Counter Trump's 50% Tariff Image reproduced from Yahoo! 奇摩新聞

Recently, former U.S. President Donald Trump announced a staggering 50% tariff on imports from Brazil, sparking widespread attention and concern. In response, Brazilian President Bolsonaro has asserted that Brazil will implement countermeasures, showcasing the nation's firm stance, and plans to enact retaliatory tariffs equal in size.

Trump stated on his social media platform that this tax increase is primarily due to Brazil's trade barriers against American goods, which he believes is a fair trade action. Through this new policy, he aims to reduce the U.S. trade deficit and enhance the competitiveness of domestic industries.

However, the Brazilian President expressed significant discontent regarding this adverse news, arguing that such action not only affects the trade relations between the two countries but also threatens the stability of the global supply chain. He emphasized that the Brazilian government would not remain passive and plans to adopt the same tariff rates as the U.S. to protect the economic interests of Brazil.

The President further noted that the government will closely collaborate with various departments to swiftly deploy specific countermeasures. He believes that Brazil's agricultural products and other exports have robust competitive advantages in the international market, allowing them to withstand U.S. pressures.

Regarding this trade friction, economists suggest that this is not solely a bilateral issue but could expand into a broader trade conflict. With the deepening mutual dependence of the global economy, trade restrictions by either party could have negative cascading effects.

Currently, both governments have not further publicized specific trade negotiation plans, and some commercial analysts urge both countries to return to the negotiating table to seek peaceful solutions to the trade disputes, aiming to avoid escalating into a full-blown trade war.

In summary, Brazil faces the challenge of U.S. tariff increases, requiring both the protection of its domestic economy and the necessity to seek diversified trade partners to reduce dependency on a single country and enhance its voice in the global market.