President Trump made a major announcement late yesterday on trade with Brazil. He is threatening 50 percent tariffs on all imports. While his message was largely around political events there, he warned that the trade imbalance has gone on long enough.
President Trump told Brazil’s president that new tariffs rates will begin August 1st. He is also calling on U.S. Trade Representative Jamieson Greer to open an investigation into unfair trade practices.
Brazil is a major trading partner, and some worry that the President’s trade policy might cause retaliation. However, Greer argues that tariffs give the U.S. the upper hand.
Related Stories
China’s soybean buying is shifting hard toward Brazil, leaving U.S. shipments at risk of slowing as South America’s record crop reaches export channels
U.S. beef imports are running at a record pace while exports are falling, reflecting tight domestic cattle supplies and high U.S. beef prices.
U.S. Wheat Associates is expanding into global fish feed markets, with early gains in South America and new opportunities emerging in Ecuador’s shrimp industry.
Rural Health Matters: Nebraska Doctors Monitor 18 Americans Linked to the Hantavirus Cruise Outbreak
Dr. Jeffrey Gold discusses the recent hantavirus outbreak linked to a South American cruise ship and Nebraska’s monitoring efforts on this week’s Rural Health Matters.
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
President Trump and Treasury Secretary Scott Bessent are expected to discuss commodities, trade and regional stability during meetings in Asia.
