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Tag: Brazil Trade

Trump’s Brazil Tariff Sparks Legal Battle Over Emergency Powers

Trump’s Brazil Tariff Sparks Legal Battle Over Emergency Powers

Trump’s Brazil Tariff Sparks Legal Battle Over Emergency Powers President Donald Trump‘s recent imposition of a sweeping 50% tariff on imports from Brazil is igniting a significant legal challenge, pushing the boundaries of presidential emergency economic powers. The move, announced via a letter earlier this week, cites the International Emergency Economic Powers Act (IEEPA) as justification, a law already under scrutiny in an ongoing federal appeals court case concerning Trump’s ‘reciprocal’ tariffs. The administration claims the tariffs are a necessary…

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Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports

Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports

Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports Stock futures dipped on Thursday, July 10, 2025, as investors reacted to President Donald Trump’s late-Wednesday announcement of significant new tariffs. Trump declared a 50% U.S. tariff on imported copper, set to take effect on August 1. The President also imposed a 50% tariff on imports from Brazil, citing an “unfair trade relationship” and partly as retaliation for the ongoing trial against former Brazilian President Jair Bolsonaro. In…

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